then you'll hear the jingling of coins and sue her. definitely around 20000000000 more lives. how do germany's wealthiest people live why do they keep such a whole pile. of us snoop around to catch a glimpse of. her top of the world to describe the super rich starts to take. cover. right. it is the year 2900 we're sending money around the world through our phones or talking about autonomy as flying taxis were taking pictures of black holes in space

and still a woman makes less money working in the same job as a man we need to talk about that mind the gap that's our topic this week on made i'm chris colburn berlin welcome and as you might know yourself real gender equality is about far more than money it's also about recognition equality appreciation we have made some progress women's rights have advanced throughout the decades but my colleague. says there is still a lot of room for improvement. more of the want of the employed meaning that within those they send their love it may be hard to believe but in west germany in the 1960 s. married women couldn't get a job without their husband's permission nor will they open a bank account of my guess most important possible but i guess he knows maybe over but equal rights are often still lacking in germany when it comes to money combining a lot what is i don't. know

was another mortal. lesson yes china starts early on average girls get 17 percent less pocket money than boys the men lost their passion my logic is why on earth should this be the case it's going to departments think girls can't manage their assets. that can receive them. and i mean that i would add and later women often have lower paid jobs than men it's porous on and on and women tend to be more cautious when it comes to investing their money to support a temple or not even men are more likely to buy stocks and shares and was therefore just more women less you know so that's not. going to be there is no women who have children can also lose out financially in the soviet union that reconciling career and family is still really difficult to support and i would i'm all inclusive and

work in the household is of course a labor of love boat and then the pocket of a hot seat and it's done for free. let us say one other not that i thought i was a woman to pay the price for ensuring inequality in germany only half the adult female population what the other half contribute nothing or very little into a pension fund given the women here get on average just half the pension men do hotel in old age is a risk or reality for way too many i think when less than 50 years ago i remember the lives of women in germany now we women legally free but we still have a way to go to really overcome financial inequality between the sexes. now as my colleague just mentioned an increasing number of women are facing a growing social problem poverty in all their age some having to get by on

a dangerously low pension is already a harsh reality also here in germany my colleague met a retiree who is budget is so tight that even treating herself to an ice cream as big financial consequence. point to what i have left is 5 euros 60. or the fab 560 per day well yes and if my t.v. breaks down i'm done for if my washing machine breaks i'm done for that's life always going out for coffee or something you know no we don't need that we don't exist anymore. no one talks about us. this is the smallest amount of money english has had in our lifetime pension isn't enough to live on social security covers a rent after other fixed costs like electricity and medicine she's left with $5.00

euros 60 per day to pay for food cleaning products repairs and everything else. reply as it is priceless his price would i can't say to myself today i'm going to buy this or that no i really have to look out for bargains is misconstrues is one vandals of the flat when did you last shopping apart from food for clothes for example oh not at all of the last time shopping probably 2530 years ago. she swaps or clothing and saved up all year to buy presents for her grandchildren. although it's quite a challenge right one just all you get used to it was i think over the years i've gotten pretty good at saving and finding the best deals of the search engine off you'll. get your raise 2 children and was

a housewife after that she worked at an archive it was only then that she started paying into the pension system. by and sponsorship i worked for 22 or 23 years or dom so today i know what i tell myself is i didn't work all that long i didn't pay into the system all that loan knowledge so shut up be happy with what you have just so the seller couldn't talk socialising i don't have money for that as she has lots of things on offer but everything costs money as i was but what about. your excluded from society yes excluded from society cool. though. the video is this is it important for you not to let people see how little money you have to figure out how 0 very important the dish dishes the most important why

the well my children health and so on. but no. that's nobody's business. the voice more you need to earn admiration pity you get for free i don't want that for you. that's just what do you miss the most. when i'm walking on the street and i see people eating ice cream you can imagine how much i'd love to sit there and have 2 scoops with fruit and some cream but no i can't think. of myself in that you have to be inventive and that's how you can make life more bearable as well especially if you have a sense of humor and i do believe i have one. yes you do even if it's just gallows humor horrible accu are. now finding yourself in

a situation where you can't even allow yourself an afternoon snack of something i'm sure we all want to avoid no matter what gender my colleague don you know speed is very aware of the problems her gender faces in retirement so she decided to get a grip on her finances at an early stage in her career and got some advice and a financial mentoring geared towards women. on them yeah i'm in my mid thirty's and i'm starting to worry when i have enough money for the future will i be able to afford things like this when i retired. in 201742 percent of retired women in germany go to state pension of less than $600.00 euro's a month. to subsistence minimum plus $735.00 euros

on average women in germany get smaller pensions than men they tend to have gaps in their berkin lives and they pay less into the state pension fund. that wouldn't even cover my rent i've signed up for a private pension plan but even that won't be enough so it's time for some change. i don't think it is. kind of money i can get in mexico i can do that now like i have savings to for my retirement i don't know yet what i'm going to do about it i have to figure it out but right now there's like a. i don't know what they said was in charge of finances and your family and so it was i would all fit so it's actually both of us though i'm more involved up with that was important for me to click up base and i'm away how quickly life can change and my situation can get suddenly critical and for a woman and she's totally stuck in a recent survey suggests only

a 3rd of women in germany plan ahead for old age. i really want to get a grip on my finances i have started to knock down every cent i spend there's an app for that. when i get home i transfer all the figures into a spreadsheet so i have an overview. now i can tell you how much i can put aside for emergencies for example if my scooter breaks down. but what am i going to do with the money that's left over. are you trying to the internet for advice on facebook or find a group called madame moneypenny which helps women secure financial independence and has 40000 members man aren't allowed to join. sorry. is managed by multinational beginning she also makes parker and runs a mentoring program to teach him an about managing their finances and building up

some capital. for part casts have been downloaded more than a 1000000 times. i asked her why she thinks so many women struggle with these issues. as well as a hold up the money is a mom thing money is dirty and having lots of money means you're egotistical deserve to have money a mile out to be prosperous these are some of the things women often say as well. and hearing them again and again shapes the way you think about money people things . and then there's the notion that girls aren't good with numbers. so there's a kind of downward spiral i think that's why many women leave money matters to others a little slower. i'm resolved to take charge of my finances myself and i asked not to should be given how she would invest

a 1000 euros in her answer 10 percent she would donate to a charity 10 percent invest in herself by say taking a friend's a training course 30 percent she would invest in emerging market shares and 50 percent in stocks in developed countries but why such an emphasis on stocks rather than other s. of classes. this look exchanged at the market doesn't care if you're male or female what color your skin is. that's why i really like this kind of investment all that matters is getting it right. a study by u s s of manager fidel and she found that women perform better than men fight 0.4 percent it may appear to be a minor difference but can have a significant impact over time so i'm going to invest about a 5th of my net income in stocks. as a journalist i often go abroad and not be wondering if women in other countries are also hesitant to take charge of their finances. stephanie o'connor is on

a mission to help them vicious niman feel as confident with their money as they do in their careers a generation ago at me like state a woman. you know her 1st. woman to manage her own money and bill is still a relatively new concept. and. i'm glad that stuck to my retirement just as my grandmother used to say money does make you happy you can give your peace of mind. and you know it's grandmother sounds like a wise woman so why do so many women often have so much less financial support in old age than men it broke it down for you. why do women earn less. it's not

a myth women's wages remain low while men's climb higher and higher this is a in germany she earns 21 percent less than a man and she has far less chance of obtaining a company car but where does the difference come from let's look back a couple of decades. in the wake of the 2nd world war in germany there was a shortage of men and women had to take on hard work their fight for just wages was particularly loud women demanded equal pay and they were successful. then came the bitch off of the economic miracle the traditional gender roles returned with a vengeance. in west germany at least they have a could remain a housewife and stay home to take care of the kitchen the kids and her husband. both socially and legally men were seen as the only breadwinners this role division

continued for decades and it continues to affect employment today. eva chose a typical women's job working in a human resources department. careers in i.t. the natural sciences and high tech didn't interest her. the problem is typical women's work is paid less nurses and caregivers often earn less than a truck mechanic for example for in addition eva interrupted her career to raise a family and later worked only half days she'd never sit in the boss's chair. a vicious circle. as it stands now researchers say evil would have to work almost another 170 years before she finally earns as much as a man equal pay in germany wouldn't become a reality until the year 2187. there

are leaders who are working to change the star prospect trying to build a more diverse and just world among them. she's the director of the human resources department at the international monetary fund a washington correspondent helen humphrey so down to talk with her everywhere you look all of the time people are trying to make more of it i'm talking about money profit while the leaders want to boast about economic growth but it turns out quite a lot of countries are missing a trick on that you into a secret when it comes to economic growth empowering women to do the jobs they want to do in society means you'll make a far lot more cash far quicker and you don't just have to take my word for it that is the assessment of the international monetary fund here in washington d.c. i'm here to meet kalponik culture she is leading the push for gender and diversity

here to find out what country should be doing to capitalize on a sure fire way to grow capital. when we talk about women's empowerment in the workforce of course we're talking about equal opportunities we're talking about let's face it human rights but to a certain extent all we're just talking about money this is about growth too isn't it we believe that talent is distributed equally between men and women inherently and putting artificial barriers on half of your population. means that you're not getting the best talent into the workforce and that has an impact of productivity that has an impact on profits and ultimately that has an impact on income and the numbers are quite startling they range from about 5 to 10 percent even in advanced countries like the u.s. or western europe 2 very large numbers ranging to 35 percent in kind some countries

in the middle east and south asia so these are not trivial amounts of money and one of the main barrys that you're specifically seeing here at the i.m.f. across the world they start inequalities of opportunities in at birth in many countries as you know. there's sex selection even before the child is born assuming that they are born there is in the qualities of opportunity and in health and in education access to finance this could be through differences and how much access you have to property ownership of property inheritance and all the countries that keep you awake at night for example with practiced it just isn't going to get women where they need to be not just for women but for the health of the global economy yeah there are many reasons to to stay awake and i let me let me raise india as one example where. female labor force participation is low.

but what stands out is actually has been declining over the last few years this stands in contrast to many countries say in latin america where a few min they were forced participation was low but over the last 10 years it's made significant gains all right so let's talk about the international monetary fund itself then you are the boss of human resources at the head of this organization of course christine legarde also a woman but what about throughout the organization is it 5050 between men and women 5050 is actually where we are right now institution wide at the leadership level but we're making really good progress i'm very happy to say that right now we have exceeded the target that we set for 2024 women in leadership positions that target was 30 percent and we have exceeded. called

us self-proclaimed or said by regulators that's what it often takes nowadays to help women break through the glass ceiling however there are places in the world that are under 100 percent female leadership like in west sumatra which is home of the ethnic group women call the shots there let's take a look at the largest metro lineal society in the world. she's the boss. so is she. and so is she. among the mean people of sumatra the women are in charge but i'm one of. them that. women are strong because in our tradition and culture they hold a strategic position but now one of the leaders the moral guardians that the pillars on the foundation the women have authority. what makes this matriarchy even

more unusual is that it's in a country where the majority of the population is muslim and the power the women hold isn't just symbolic unlike most traditional communities around the world by sons and heritage from their fathers here it all goes to the women from bournemouth out there. it's the woman who owns everything. she owns the house the property the fish poems the rice fields. every segment of the music advise me to sit on my thumb at the bottom one. is one of 2 and a half 1000000 women she lives on the island of sumatra when she produces the most expensive coffee in the world cup you are also had coffee beans come from coffee cherries that have been eaten and def occasioned by the asian palm civet it's a highly specialized product and popular all over the world. so i asked about

another yeah i actually started this business on my own without help from anyone not the government or anybody else so. i started my separate coffee production from 0. to accept of the. i just thought if other people can do it why can't i. that's my motto that's why i've survived in the civic coffee business to this day. it's typically dominated by men. who is the only daughter in the family so she inherited the house and fields she employs farmers from all over the region and determines the prices herself passed down from one generation of women to the next the 1st land of western sumatra has been

a source of wealth for the people for centuries. but i'm only young really i've. talked to my whole lot younger so i think there's a lot to learn from our women. from their self-reliance. from the respect for other women. and from their independence. when mean and care about couples marry the man moves into the wife's house and what's in her fields most men come from other families in other villages opinion about inheritance is divided. from the guy at the embassy for i haven't really thought about marriage yet. that's still a long way off for me. alone that said michael

would have to go i think we should respect the traditions inheritance should go to the daughter where i'm. like i think i was educated men should be leaders they should be men. but in our culture it's the women who have the privilege and that's not right and he. can get a king religion says it should be the men who lead because women need to be protected that's their privilege and i think the market is doing right that's the way it should be i'm not the only person with this opinion you can see out of their families has a. good feeling to get. i often get into conflict about this with my family.

where they're going to do their own there's a woman in my family who says men have no rights. it's not that i have no rights we have duties. just the inheritance that only goes to the woman who i. mean certainly safe from the threat of male dominance the women are in control they have economic power and authority because of what they own. dreams of having a daughter. and i gave birth to 3 songs. fair enough it might take some time until the world has adopted the matriarchal approach until then here's a call to political and company leaders how about providing proper daycare for kids

so that mothers don't have to worry anymore about whether they are neglecting either their child or their career a long overdue step and the work and. that's our show for this week for me and the entire team here at d w made thanks for watching.

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good. good thing. leaders line from the u.s. special counsel robert lowell says his report does not exonerate president trump comments in the last hour on his 1st public comments since his appointment to special counsel 2 years ago the president has already tweeted his response also on the program. nigerian president.