hi, everyone welcome to "on the money." i'm becky quick. borrowing for tility treatmentse driving many into debt how some are coping. melinda gates gets personal. how dropping the kids off at school made them role models. >> yeah, we went home and told our husbands, if bill gates can do it, you can do it. money differences. why the gender gap starts earlier than you think. and up your game on the court? there is an app for that we gave it a shot. "on the money" starts right now. >> announcer: this is "on the money," your money, your life, your future. now, becky quick

we begin with a growing family having a baby isan emotional journey full of joy and a lot of stress as sharon eppersi eperson found families are dealing with the increasing costs of infertility. it's this week's cover story >> you always want to go high. >> reporter: cynthia and alex pictures family time just like this. >> i want to do the rock wall. >> reporter: their path to parenthood has been difficult and expensive. like one in eight couples, they're facing infertility. >> it is upsetting, that couples have to go through this. it is very stressful, very emotional. >> reporter: seven years ago, the couple conceived their son, jake, through invi vitro fertilization. >> we were so happy. >> reporter: cynthia's health plan covered the cost of ivf now, she's a they at home mom, and the couples in their late 30s face a different situation as they try for a second child while they have influence

through alex's job, fertility treatments are not covered. >> i was a little shocked that we don't have that coverage. >> reporter: making them responsible for the entire cost. >> when you pay $16,000 in one month for a cycle of ivf, you don't know if you're going to come home with being pregnant or have a baby at the end of the day. >> reporter: nine states, including new jersey, where cynthia and alex live, mandate insurance plans provide coverage for ivf treatments, with new york joining the list in 2020. the mandates come with loopholes. small businesses are often exempt, as are large corporations that self-insure their plans. according to data collected by information site fertility iq, about 500 companies offer fertility benefits some, including bank of america, ebay, and tesla, offer unlimited coverage for ivf cycles. still, about 80% of patients say they are paying out of pocket. >> around 800,000 people each year need fertility treatments

half of those show up in a fertility clinic, then they realize it is financially out of reach. only 150,000 people a year do ivf. >> reporter: this financial adviser says couples should plan for funding fertility treatments as soon as they think there may be an issue. >> start saving money. figuring out, will family members be willing to help will you be able to get grants >> reporter: cynthia and alex borrowed to pay for treatments this time around, using credit cards and a home equity loan they're $24,000 in debt. they say the emotional and financial toll is worth it one day, they'll tell their son, jake, about the sacrifices they've made, when the time is right. >> we hope we will be explaining to him and his other sibling that we did all of for you, and we worked it out >> to help her family work it out financially, cynthia started

substitute teaching to help pay for the cost of treatments she's considered working a few hours a week at starbucks, which offers ivf coverage to part-time employees, becky. >> i didn't realize a lot of the parts of that, big companies and small companies would be exempt of the state laws. what should you do if you find out your employer doesn't offer ivf treatments? >> the first thing is you need to talk to the medical provider. figure out how to set up a payment plan perhaps perhaps paying in cash will give you a bit of a discount. if you have to borrow money, where is the cheapest money i can go it may be taking out a home equity loan or line of credit, better than taking out a personal loan. i think people may be surprised to know there are non-profits out there that offer grants and scholarships to women and couples going through fertility treatments go to a website called resolve.org, the national infertility website. you may find organizations there that will be able to help you. >> sharon epperson, thank you. joining us to talk more about this isiss asa alice domar

let's talk about infertility first, in general. it is more common than people think, and it is not talked about. why do you think that is >> i think there is a sort of shame and embarrassment thing going on it's like 50 years ago, no one talked about breast cancer now, people talk about breast cancer i think it's helped somewhat that celebrities have come forth and talked about their infertility. dylan dreyer on monday on the "today" show talked about her infertility, which was a huge step, i think, for her i've heard from more people how grateful they are that celebrities are sharing their experience a lot of people still don't talk about it they almost never talk about s miscarriage. >> think stress plays a role in this >> well, that's a complex question you know, stress probably does not cause infertility. most people who have infertility have an organic, a physical cause for it the world health organization

classifies infertility as a disease. but it is pretty likely that once one gets into infertility treatment, the stress of trying for so long and the stress of treatment may contribute to the cause. >> you mentioned the world health organization has classified this as a disease, yet insurance companies won't pay for it why do you think that is >> right it enrages me that there are so many things that aren't covered. i was thinking about this the other day. if an 80-year-old wants to play tennis, insurance will cover for a knee replacement, or if a 75-year-old man wants to have sex, insurance will pay for, you know, medication for that. yet, we don't have coverage if a 30-year-old couple or 30-year-old woman wants to have a baby, start a family that just feels so unfair to me. >> you work at a fertility clinic, too. >> right. >> it is expensive to do these things why is it so expensive >> it wasn't until i went into the lab and i realized how incredibly complicated the

treatment is some of the technologies that we've developed -- not we -- they have developed over the years are extraordinary. >> for the couples who are talking about it, thinking about it, if you could say, okay, if you give me $40,000 and guarantee i'll have a baby at the end, all right, but some of these people are spending on multiple successful that's got to be the most heartbreaking and stressful part. >> it is as a psychologist, i can tell you the top three things couple fight about are money, sex, and kids especially a young couple, because most of these are young couples, $20,000, $25,000 to do a cycle, which doesn't give you a guarantee of a baby, feels like a huge risk yet, people want to have children and build their families this should be covered by insurance. this shouldn't be an option. having a baby is not a luxury. there is progress. >> sharon brought up a good point in her package, something i hadn't realized, that even in states where this coverage is

mandated, there are exceptions for small companies, and there are exceptions for large companies which self-insure, which i don't really understand. what is the point in state laws if everybody gets exempt snd. >> i practice in massachusetts, where there is a state mandate for six ivf cycles to be covered. yet, you know, if you're a very small company or a large self-insured company, you're exempt interestingly, we've been doing research, i've been doing research for the last four years on why insured patients drop out of treatment, and what didn't come up four years ago is suddenly coming up now, is the cost of deductibles and co-pays. even though we have a mandate which covers ivf, there are now some people who have to drop out of treatment not because they -- their cycle is covered but the co-pays and deductibles add up too quickly for them to be able to afford to continue treatment. >> thank you obviously, an emotional topic

for a lot of people. appreciate your time. >> thank you. up next, how to buckle down and make saving for your future as automatic as fastening the seat belt. later, melinda gates, why she says empowering women is key to transforming the world. rig let's see how the stock market ended the week. okay, i picked out my dream car. now's the really fun part: choosing the color, the wheels, the interior. everything exactly how i want it. here's the thing, just because i configured this car online doesn't mean it really exists at a dealership.

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schwab survey, women fall behind men early in life. seeking to change that is carrie, president of the charles schwab foundation. good to see you. >> you, too. >> you found in the study with young adults, the money gap is starting early what are men learning about money that women aren't? >> a little about the survey, young women who are 16 to 25 years old are showing total determination to be financially independent. they're more likely to have a second job they're more likely to spend 30% less than young men, but they have 40% less in savings i'm not sure how the math works out. >> right why? >> in addition, half the number of young women had investment accounts we asked them also, if you were given $1,000, would you invest twice as many as young men as young women said yes

we can see that, somehow, this is just not working out. it starts early on in life >> you know, i come back to this idea that some people think that investing is sort of like gambling you know, the old stereotypes would have you think that men are riskier, more willing to do things like gamble how much of that do you think is tied up in this? >> i believe it starts at home what we've found from other studies is that parents are paying their young daughters less for the same chores as their boys also from our own studies, and i've seen this from other third-party studies, and we talk to daughters differently than sons when it comes to money. with daughters, we talk about the short-term concepts, such as savings and budgeting. with our sons, we talk about wealth creation. we're talking about investing and borrowing. again, i think it starts at home, in the way we're talking to our daughters. >> how do you change that?

i mean, it is a really difficult problem to tackle. does it start in the schools do you have to educate the parents? how do you go after it >> we have to really talk about investing with both genders. perhaps with our young daughters, we really do need to give them a little bit more tlc when it comes to money and advocating for themselves, salary negotiations. you know, that's really critical we know once they go out into the work force, they earn 80 cents on the dollar. i think with our daughters, we need to be more diligent but with both sons and daughters, we do need to talk about budgeting and living below their means. unfortunately, we don't see that in our society we also want to teach them the importance of saving and starting early i refer to the minus 10% rule. if you start in your 20s, you save 10% for the rest of your life, as your salary grows, you should have a relatively comfortable retirement >> if you start at age 20 to 29, you can do 10% throughout your

entire working career? >> correct if you're -- you wait until your 30s, you have to save 20%. if you wait until your 40s -- which a lot wait 55 and older americans have not started for retirement it is not how much money you have to save but how early you save and invest. >> great talking to you. thank you. >> great talking to you, too up next, we're on the money a conversation with melinda gates, from saving lives with vaccines to how she and bill make their marriage work. later, on the basketball court, the science behind shooting how artificial intelligence can help you take your best shot that's the beauty of your smile. bring out the best in it with crest 3d white. crest removes 95% of surface stains... in just three days.

the bill and melinda gates foundation is one of the largest charities in the world co-chair melinda gates is not only raising money, she's raising her voice. in her book, "the moment of lift," she writes about hearing the stories of women across the economic spectrum and why she wanted to share her personal story. >> the hardest pieces for me to write were the most private parts of the book. moments in our marriage where i was asking bill for more equality, or moments where i do talk about abuse that i went through. that was the hardest piece to write. i felt like, in being vulnerable, if i would share those stories, people would understand, you know, abuse. it can happen to absolutely anyone one of the reasons it is important to write about that is because it silences women.

it silenced my voice and took away my self-confidence for years. i wanted to know, for women, we have to share our stories, and it is in the shoiri insharing ta change society. >> you write honestly about your marriage, when you had to take times in the marriage where you were looking for equality. equality at the foundation equality in terms of who does what at home and with the kids what did bill think about all of that >> the things i write about in the book iswhen our olde kindergarten, we agreed on the school we wanted her to go to, 45 minutes from the house. i said, look, we agreed, but i can see years ahead in traffic twice a day. how about we wait until she's third grade, put her closer to home he said, no, i think this is important. i said, it is so much time in the car for me he said, well, how about -- he offered, how about if i drive two days a week? three weeks into the school year, another mother said, do you see what's going on here i said, well, i've noticed more

dads are dropping their kids at school, coming into the classroom. she said, yeah, we told our husbands, if bill gates can do it, you can do it. what we didn't realize is we, by having this conversation at home and changing things, we were role modeling for other families in the classroom. >> one of your big focuses at the foundation, and something you write a lot about in the book, is making sure that reproductive rights are something that you think is very important, and vocalizing that and doing something about it it wasn't an easy decision for you either because you're catholic you grew up in a catholic household and went to a catholic all girls school that draws some fire >> no country in the world, in the last 50 years, has escaped poverty without making sure women have access, voluntary access to kocontraontraceptives. i thought, if we're for low income countries becoming middle and high incomes, we have to make sure women have access to

contracepti contraceptives. >> family planning, spacing kids out over time, making sure you can hopefully feed the number of children that you have give them opportunities along the way, too. >> absolutely. planning and spacing the births of your children i think we take for granted in the united states. i mean, what allowed women to go into the work force in droves? the advent of the pill when women can choose to time and space the births of their babies, we know from great research, one of the biggest, longitudinal studies in global health, families are healthier, children are better educated, and families are wealthier, if the women can time and space the births of her children. >> you've seen huge advances as diseases that used to be terrifying have kind of gotten eradicated or almost eradicated in some cases. do you get frustrated when you see the anti-vax movement in the country, and the return of measles and mumps, which could be preventable >> in the u.s., we have forgotten what the diseases are

like they not only affect our children but other people's children, or other people whose immune system is down. vaccination saves lives. we're believing things that aren't true. i think we're not reading the right information or talking to our pediatrician he or she knows the vaccines save lives. >> my thanks to melinda gates. her new book is called "the moment of lift." up next "on the money," a look at the news for the week ahead. and a new app that can jump start your jump shot >> seven out of ten. (client's voice) remember that degree you got in taxation?

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here are the stories coming up that may impact your money this week. on monday, the personal income report for march comes out we'll see how much americans took home in pay on tuesday, the case-shiller home price index will be released wednesday, the federal open market committee will announce a statement on interrest raest ra. thursday, we'll have the factory orders report. then the all-important jobs report will come out on friday we'll see how many people gained or lost employment last month. the nba playoffs are under way, and more than ever, teams' three-point percentage is a key to winning there is an app to improve shooting that anyone can use we gave it a try >> reporter: it is game-changing

technology that is turning amateur basketball players into the next sharpshooter. home court is an app that uses high-tech computer vision and machine learning to improve shooting >> 49 degrees. >> reporter: available at a free and subscription model, the app tracks shots made and missed, launch angle, leg angle, vertical, and reaction time, using just an iphone no senators. no high-tech equipment necessary. >> today, if you run, you're using your apple watch, your nike run app you can track all those miles and stuff. for basketball, that didn't exist. the first problem you want to solve for is how do we help people easily track their shots without having to do a lot of the manual work. >> reporter: home court is a top ten downloaded sports app in the apple store, and it has more than a dozen college and pro teams using it including joe harris of the brooklyn nets, who this year led the nba in three-point shooting and won the three-point shootout >> i feel good i did play center on my sixth

grade basketball team. >> reporter: joe and i went head to head to test it out i bricked the first one. pretty good. joe's arc is flatter than my big ones, and reaction time is quicker than fine. >> 20%. >> i didn't stand in the right spot the whole time. >> reporter: notice how consistent joe's shots are every shot's arc tracked the same mine were all over the place >> we're in the age of analytics and technology any time you can put that to use, just to help you out, improve, get better, i'm all for it >> reporter: joe plans to use home court at his youth basketball camp this summer. as for me? >> a lot of arc there. >> reporter: i need a lot more practice >> home court has backing from leading nba minds like mark cuban, steve nash, and jeremy lin. applications for the technology are widespread the founder is looking at other sports and possible uses, like self-driving cars. >> how do you yies use it for self-driving cars?

>> it is a camera. here's a person, a ball, the basket it is computer technology. imagine in your car, what's a pedestrian what's a stop sign what's a red light what is a green light? what is another car? it is the same type of machine learning algorithm. >> a lot more complex. amazing, how much computing power we have in the phones. >> couldn't have done this five years ago. >> eric, thank you so much >> you got it. folks, that is the show for today. thank you for joining us i'm becky quick. next week, the robots are coming to a campus near you we'll explain. each week, keep it here. we're "on the money. have a great one, and we'll see you next weekend there is wisdom in how nature protects and it inspired an all-new toothpaste from burt's bees®. it fights cavities and freshens breath. made with ingredients you can trust. for a smile that's a true force of nature. new burt's bees® toothpaste.

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we're back did you miss us? we missed you. the guys are getting ready for a big show ♪ it's the final countdown >> apple earnings. the stock is down 10% off its highs. dan nathan has the way to play it into results. plus, soup and cereal stocks are on fire, but has the group gotten too hot >> i don't know. >> i don't know. >> we do the chug master is going to break it all down for you. late