Women are more likely to feel stressed about their finances than men – here’s what to do about it
Experts say long-standing issues such as the gender pay gap are contributing to women’s financial stress.
9 min read
Jun 01, 2022
EXPERTISE
- Economy
- Federal Reserve
- U.S. economic policy
- Personal finance
- Taxes
- Unemployment insurance (UI)
EDUCATION
- Bachelor of Science in News-Editorial Journalism, University of Illinois at Urbana-Champaign
- Master of Science in Journalism, Northwestern University
The Federal Reserve is one of the most complex institutions in the world; yet, its decisions impact consumers’ wallets more than any other policymaker in Washington, D.C. My goal is to remove some of the mystery surrounding the U.S. central bank, so you can be an even smarter consumer.
— Sarah Foster
About the author
Bankrate.com writer Sarah Foster covers the Federal Reserve, the U.S. economy and economic policy. Originally from a small town in rural Illinois, Foster developed a passion for economics while watching her community recover from the Great Recession. She witnessed just how much Main Street is impacted by Wall Street and saw firsthand that the Federal Reserve’s most well-intentioned policies can still leave those most desperate for help behind.
Experience
Sarah previously worked for Bloomberg News, the Chicago Tribune and the Chicago Daily Herald and has been quoted in several national and regional media outlets, including Yahoo! News, NBC, the Toronto Star, the St. Louis Post-Dispatch and more.
Media mentions
The Federal Reserve is one of the most complex institutions in the world; yet, its decisions impact consumers’ wallets more than any other policymaker in Washington, D.C. My goal is to remove some of the mystery surrounding the U.S. central bank, so you can be an even smarter consumer.
— Sarah Foster
Sarah's latest articles
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Worried about surging inflation? Here’s how to protect your wallet from taking a big hit
Experts expect inflation to cool, but how soon that happens will be key.
6 min read May 11, 2022 -
Federal Reserve raises interest rates by a half point to fight soaring inflation
The Fed is withdrawing stimulus at the fastest pace in decades.
7 min read May 04, 2022 -
What is the federal funds rate? How the Fed sets interest rates, explained
The Fed steers the U.S. economy by setting the price of borrowing money.
7 min read Apr 27, 2022 -
Younger workers aren’t keeping their salaries a secret anymore — here’s why it could be a good idea
Busting a long-standing workplace taboo, younger workers are being more transparent to achieve equal pay.
8 min read Apr 27, 2022 -
12 ways to take an Earth Day approach with your finances
Money talks, and that’s never been truer than with environmental causes.
9 min read Apr 22, 2022 -
Missed the tax deadline? Here’s what you should do
If you haven’t filed your taxes yet, don’t panic — but act fast.
4 min read Apr 19, 2022 -
Child and dependent care tax credit: Who qualifies and how to get up to $8,000 in credits
The credit was confusing even before Congress revamped it for 2021.
7 min read Apr 01, 2022 -
Survey: Experts see a big slowdown in job growth as hawkish Fed raises rates
Job creation is expected to be almost two times slower over the next 12 months.
5 min read Mar 31, 2022 -
Survey: More than half of economists say surging inflation will climb much higher than expected
Consumers will likely have to keep paying more for almost everything they buy.
5 min read Mar 31, 2022 -
Survey: There’s a 33% chance a recession is on the way, according to top economists
Fed officials are projecting seven total rate hikes in 2022 alone.
5 min read Mar 31, 2022 -
How is the U.S. economy doing? With inflation hitting 40-year highs, watch these 4 key areas
There’s no telling when inflation will slow down.
8 min read Mar 24, 2022 -
Earned income tax credit (EITC): What it is and who qualifies
This popular tax break can be one of the trickiest.
5 min read Mar 24, 2022 -
Federal Reserve raises interest rates for first time since 2018
The move marks an end to the Fed’s most aggressive economic rescue effort in history.
8 min read Mar 16, 2022 -
11 ways women can shrink the gender pay gap to better achieve their financial goals
This stubborn problem can end up being costly, setting women back in their goals to save and invest.
8 min read Mar 08, 2022
