Women across all ages can reach their aspirations by tapping into the innate confidence within.
As we celebrate the final day of Women’s History Month, it's important to acknowledge the ongoing efforts to bridge various gaps affecting women. Here are some striking statistics:
- Confidence in girls drops by 30% between the ages of 8 and 14.
- During their tween to teen years, girls’ belief that others like them plummets from 71% to 38%, a staggering 46% decline.
- Girls are 22% less likely to describe themselves as confident compared to boys.
- One in three girls anticipates that boys will earn more money over time.
These alarming figures highlight a troubling reality: girls struggle to gain confidence as they transition into adulthood. Although the statistics from 2020 are disheartening, our guests today are dedicated to changing the narrative. Katty Kay and Claire Shipman, acclaimed journalists and authors of “Living The Confidence Code: Real Girls. Real Stories. Real Confidence,” have recently topped the New York Times Best Seller List for Middle Grade Books. Their mission is to empower young women to make impactful changes in their lives.
In our discussion, they emphasize that the girls featured in their book are not portrayed as flawless. Many share stories of significant failures, showcasing their fears and insecurities along the way. Katty and Claire believe that girls require relatable role models—those who are works in progress—rather than unattainable ideals.
We also explore the current cultural moment surrounding women’s leadership, discussing figures like Kamala Harris and Meghan Markle, who exemplify resilience in the face of challenges.
Katty and Claire highlight that confidence issues are not exclusive to younger women; they provide practical tips to help everyone boost their self-assurance.
In our Mailbag segment, Jean addresses a listener's concerns about identity theft following a data breach and offers guidance to another listener worried about differing savings with her partner as they approach retirement. Lastly, in Thrive, we discuss strategies to combat productivity slumps while working from home.
We'll leave you with a thought-provoking question from Katty and Claire’s book: What steps can you take once you access your confidence? How will you craft your own narrative?
Transcript
Katty Kay: (00:01)
It's fascinating how teenage girls become fixated on whether they are pleasing others. They often conform to societal expectations, which can stifle their confidence.
Jean Chatzky: (00:29)
Our discussions are supported by Fidelity Investments, which offers valuable insights to help you manage your savings effectively. Visit Fidelity.com/HerMoney for more information.
Jean Chatzky: (00:44)
Welcome, everyone! I’m Jean Chatzky. If you’re tuning in on March 31st, we’re marking the close of Women’s History Month. Let’s reflect on some significant numbers: girls’ confidence dips 30% from ages 8 to 14, and their belief that others like them decreases from 71% to 38%. This drop is something many can relate to. Girls also express less confidence than boys, and many believe boys will earn more in life. Sadly, girls often struggle to catch up in confidence as they age. However, today’s guests are actively working to shift these trends: Katty Kay and Claire Shipman, award-winning journalists and authors of “Living The Confidence Code: Real Girls. Real Stories. Real Confidence.” Their goal is to inspire the next generation of young women to enact change.
Katty Kay: (02:58)
Great to be here, Jean.
Claire Shipman: (03:00)
Thank you, Jean.
Jean Chatzky: (03:01)
It's great to have you both. The statistics you highlight were pivotal in the creation of your book, right?
Claire Shipman: (03:32)
Exactly! We noticed this decline when writing our previous book, “The Confidence Code,” which explored women's confidence in the workplace. Tracing the issue back to puberty, we became determined to find ways to build confidence in girls by encouraging risk-taking and embracing failure. This led us to create “The Confidence Code For Girls,” focusing on real stories of girls.
Jean Chatzky: (04:26)
Katty, you gathered inspiring stories from girls worldwide. What led you to this approach?
Katty Kay: (04:38)
Stories resonate with everyone, regardless of age or gender. Our research served as a foundation for understanding how to present this information in an engaging way. Initially, we aimed to feature 50 girls globally, but we found an overwhelming number of inspiring stories. This book includes tales of 30 remarkable girls from diverse backgrounds, showcasing their unique challenges and the universal themes of building confidence through resilience.
Jean Chatzky: (06:32)
It’s remarkable how these girls overcome their struggles and failures, illustrating that nobody is perfect.
Claire Shipman: (06:52)
Absolutely! We examined the concept of a perfect role model and found that imperfection often resonates more with girls. They relate better to those who have faced challenges rather than those who appear flawless.
Jean Chatzky: (08:25)
It's crucial for girls to see themselves in these stories. How did you both relate to your younger selves?
Katty Kay: (08:43)
I certainly felt pressure to please those around me, and that fear held me back from taking risks. This behavior often leads to a pattern where girls feel the need to conform.
Jean Chatzky: (10:48)
Claire, do you share this experience?
Claire Shipman: (10:50)
Absolutely! I was also a people pleaser, and it took time to embrace my authentic self.
Katty Kay: (11:51)
Our research shows that girls often amplify the risks of failure. As parents, we can help them rationalize risks and recognize that most outcomes are not as dire as they fear.
Jean Chatzky: (12:32)
It’s crucial to apply these concepts to financial confidence as well.
Claire Shipman: (13:36)
Yes, understanding financial literacy is essential, as it empowers women to make informed decisions.
Jean Chatzky: (14:14)
It can also be freeing, helping women escape challenging situations.
Katty Kay: (14:18)
Having a female financial advisor can also make a significant difference.
Claire Shipman: (14:21)
It's crucial for women to feel supported in their financial journeys.
Jean Chatzky: (14:24)
How do you perceive the impact of leaders like Kamala Harris and Meghan Markle on the confidence of young women?
Katty Kay: (14:45)
They set an example that vulnerabilities can be strengths. Their candid conversations about challenges inspire confidence.
Claire Shipman: (15:49)
These discussions provide valuable context for younger generations.
Jean Chatzky: (16:49)
Let's shift to actionable strategies, especially for our listeners.
Katty Kay: (18:08)
We encourage girls to reflect on their aspirations and pursue them despite their fears. Acting despite anxiety builds confidence.
Jean Chatzky: (19:06)
This principle holds true in financial decisions as well; often, you just have to take the leap.
Claire Shipman: (19:56)
Instilling confidence starts early by normalizing risk-taking and helping young women discover their authentic selves.
Jean Chatzky: (21:16)
Let’s explore the concept of “do more, think less.”
Katty Kay: (21:20)
Confidence grows through action; stepping out of comfort zones is essential.
Claire Shipman: (22:04)
Women often overthink, which can hinder progress. Taking action is vital.
Jean Chatzky: (22:56)
Have you developed any specific tactics for enhancing financial confidence?
Katty Kay: (23:04)
Financial literacy is vital; it empowers women to gain independence and make informed choices.
Claire Shipman: (24:18)
Encouraging young girls to handle finances early can cultivate confidence.
Jean Chatzky: (24:52)
Providing our daughters with financial tools is essential for fostering competence.
Katty Kay: (25:29)
It’s crucial to challenge stereotypes regarding financial responsibilities.
Claire Shipman: (25:31)
Absolutely.
Jean Chatzky: (25:31)
We also discuss your course on The Confidence Code.
Katty Kay: (25:40)
Our online course is interactive, allowing participants to engage with the material in a fun way, similar to our book.
Claire Shipman: (26:59)
It’s an engaging way to learn, encouraging confidence-building exercises.
Jean Chatzky: (27:04)
This conversation has been enlightening. Where can listeners learn more about you?
Claire Shipman: (27:23)
Visit ConfidenceCodeGirls.com for resources and updates.
Katty Kay: (27:37)
Our book is available at major retailers, including Amazon and Target.
Jean Chatzky: (27:44)
Thank you, Katty and Claire.
Jean Chatzky: (27:52)
Now, let’s welcome Kathryn for your mailbag.
Jean Chatzky: (27:52)
Kathryn Tuggle joins us for your mailbag. Hi Kathryn.
Kathryn Tuggle: (28:03)
Hi Jean, I’m doing well!
Jean Chatzky: (28:05)
I’ve been working from home during the pandemic. I didn’t mention our guests because I wanted to keep it a surprise.
Kathryn Tuggle: (28:23)
That’s awesome! It’s great to see who people admire.
Jean Chatzky: (28:33)
Indeed! I relate to their experiences, which resonate strongly.
Kathryn Tuggle: (28:46)
Absolutely, many women face moments of self-doubt throughout their lives.
Jean Chatzky: (29:05)
Absolutely!
Kathryn Tuggle: (29:05)
These discussions are vital for fostering confidence among women.
Jean Chatzky: (29:21)
Let’s get to your letters today.
Kathryn Tuggle: (29:28)
Our first letter comes from Noelle. She writes, "Hi ladies, I love this community. I’ve been listening for a month and taking notes. I went through bankruptcy eight years ago and now have a good credit rating. I recently purchased a home and a motorcycle, but I’m worried about identity theft after a data breach. What should I do?"
Jean Chatzky: (30:15)
Freezing your credit is an excellent step, as it prevents unauthorized access to your information. Credit monitoring can also be helpful. It’s great to hear you’ve bounced back from bankruptcy—your journey will inspire others.
Kathryn Tuggle: (33:36)
Our next note is from a Facebook group member who shares her concerns about retirement planning with her partner. Jean, what advice do you have?
Jean Chatzky: (35:37)
It's important to have open conversations about finances together. Consider meeting with a financial advisor to chart a plan based on both your situations. Discuss expectations for retirement, shared responsibilities, and potential future needs.
Kathryn Tuggle: (39:00)
Thank you, Jean. It’s crucial to address financial disparities in relationships to avoid future conflict.
Jean Chatzky: (40:05)
Let’s discuss how to break out of productivity slumps. We know working from home can sometimes be challenging.
Jean Chatzky: (43:01)
Thank you for joining us today, and thanks to Katty and Claire for sharing insights on confidence and empowerment. Remember, you’re doing amazing work! We appreciate your support and encourage you to subscribe to our show and leave feedback.
