Secret Deodorant Launches Initiative Empowering Women to Achieve Financial Wellness

Rhea-AI Summary

Secret Deodorant launches a multi-year financial empowerment initiative aimed at providing 1 million young women with access to financial courses and resources. Announced at the New York Stock Exchange on March 28, 2023, this initiative, developed in partnership with Seneca Women, focuses on alleviating financial stress, especially among women of color. By 2030, Secret aims to empower millions through enhanced financial literacy. The program includes collaboration with prominent financial experts and will utilize social media campaigns under #SecretMoneyMoves to reach its audience.

Positive

• Initiative aims to provide financial education to 1 million young women.
• Partnership with renowned financial experts enhances credibility.
• Focus on addressing financial stress among women, particularly women of color.
• Multi-phase initiative includes social media outreach to engage Gen Z.

Negative

• None.

Exclusive NYSE event kicks off multi-year program to advance economic equality so women don’t have to sweat financial stress

CINCINNATI--(BUSINESS WIRE)-- Ahead of Financial Literacy Month this April, Secret Deodorant is introducing a multi-year financial empowerment initiative that starts by providing 1 million young women with access to in-depth financial courses and training resources developed and led by highly-renowned female financial experts. The initiative was unveiled yesterday at the New York Stock Exchange during the ‘Young Women’s Financial Wellness Forum,’ hosted in partnership with Seneca Women, a women’s leadership platform dedicated to advancing women in the economy and around the world. The initiative is designed to support young women at the very start of their independent financial journeys, by providing them with the foundational tools needed to succeed today, and in turn, improve their financial wellness.

Seneca Women and Secret Deodorant ring the bell at the New York Stock Exchange, following the announcement of Secret’s new financial empowerment initiative offering young women access to free educational resources, on Tuesday, March 28, 2023 at the New York Stock Exchange. Visit secret.com/moneymoves to learn more. (NYSE)

Gen Z adults in the U.S. report the highest level of stress compared to any other generation, according to the American Psychological Association.¹ The biggest cause of stress? Money. Financial stress disproportionately impacts women, particularly women of color. Black and Hispanic women generally have higher unmet financial needs, more student loan debt, and are more likely to struggle financially while in school.² Unfortunately, this disparity can take a toll on a woman’s financial journey.³ By 2030, Secret will empower millions of young women to tackle financial stress and forge a path to equitable wealth.

“As part of Secret’s continued efforts to uplift women, we hope to spark a conversation about financial well-being and provide tools for financial literacy and education,” said Kate DiCarlo, Senior Communications Director, Personal Care Portfolio, Procter & Gamble. “Secret is proud to partner with a diverse group of women to lend their financial expertise to this initiative.”

Secret commissioned an advisory board of renowned multicultural financial experts to help propel its mission of increasing access to financial education, proving that a financially well life is within reach for all women. The financial experts helped launch the initiative by providing practical, tangible advice geared towards the needs and concerns of Gen Z women at Seneca Women’s ‘Young Women’s Financial Wellness Forum’ in partnership with Secret.

Secret’s alliance of financial experts includes:

• Berna Anat: Financial educator and author of “Money Out Loud - All the Financial Stuff No One Taught Us,” helping BIPOC and first-gen folks feel seen in the money world
• Carmen Perez: Creator of MUCH budgeting app, helping individuals manage their money and paychecks
• Giovanna Gonzalez: Founder of The First Gen Mentor, helping first-generation students and young professionals of color entering the workplace to confidently manage their money
• Jamila Souffrant: Founder of Journey to Launch, helping individuals launch into financial freedom
• Marsha Barnes: CEO and founder of The Finance Bar Members Club, helping individuals start their journey to financial wellness

“I understand how imperative it is to be well-versed in the world of finances. From understanding how to get your first credit card, student loans, to how to apply for a mortgage and dealing with debt, it’s a lot to take in,” said Marsha Barnes, personal finance expert and founder of The Finance Bar Members Club. “Through financial therapy and education, I can support women throughout their experiences, and partnering with Secret gives me the opportunity to extend a helping hand to more women in need. I look forward to making a meaningful impact in young women’s lives as they embark on their personal journeys to achieve financial wellness.”

The multi-phased initiative will also take to social media to reach young women through #SecretMoneyMoves, a series of financial literacy social posts that address the ins and outs of prominent financial questions, like how to create a budget, negotiate your first salary, understand your credit score and much more.

Secret has also joined forces with Prosperity Now, the nation’s leading racial economic justice organization, to help remove the barriers for young women in need to achieve financial equity. The organization’s mission is to drive economic opportunity for all and build equitable economic power through impactful systemic change; centering those who have been historically excluded, amplifying community-rooted solutions, and energizing them through research, advocacy, policy and narrative change.

To learn more about Secret’s new financial empowerment programming, visit Secret.com/MoneyMoves.

About Secret

Secret® was the first antiperspirant brand designed specifically for women, and for the past 60 years, Secret® has been on the forefront of women’s lives, leading with innovation designed to provide superior odor and wetness protection. The brand has proudly supported women’s advancement and equality, celebrating those who push through barriers and stand up for what they believe in, without “sweating” the obstacles that may come their way.

About Procter & Gamble

P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit https://www.pg.com for the latest news and information about P&G and its brands. For other P&G news, visit us at www.pg.com/news.

About Seneca Women

Seneca Women is a global leadership and media platform that works to advance women in the economy and around the world. Seneca Women has sought to accelerate women’s progress through signature events at Davos, the Metropolitan Museum of Art and the New York Stock Exchange as well as through partnerships with organizations including Apple, Bank of America, Bloomberg, The Coca-Cola Company, Mastercard, and P&G, among others. The Seneca Women Podcast Network on iHeartMedia, launched with founding partner P&G, amplifies the voices of women and supports women creators.

About Prosperity Now

Since 1979, Prosperity Now (formerly CFED) has been a persistent voice championing economic opportunity, innovating outside of and beyond existing systems to build power for all communities. We advance racial and ethnic economic justice by investing in bold new ideas, and we work deeply at both the grassroots and national level to impact the entire ecosystem. By setting goals for our economy and following through with targeted approaches based on need, we are equipped to drive forward and cement big structural solutions. Learn more at www.prosperitynow.org.

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¹ American Psychological Association. (2022, March). Infographics: March 2022. American Psychological Association. Retrieved March 24, 2023
² Perry, A. M., Steinbaum, M., & Romer, C. (2022, March 9). Student loans, the Racial Wealth Divide, and why we need full student debt cancellation. Brookings. Retrieved March 24, 2023
³ Yakoboski, P. J., Lusardi, A., & Hasler, A. (2020, November). Financial Literacy and wellness among U.S. women. Financial literacy and wellness among U.S. women | Institute. Retrieved March 24, 2023

View source version on businesswire.com: https://www.businesswire.com/news/home/20230329005350/en/

Secret Deodorant Press Team, Citizen Relations

secret@citizenrelations.com

Source: Procter & Gamble

FAQ

What is Secret Deodorant's new initiative about?

Secret Deodorant has launched a multi-year financial empowerment initiative to provide 1 million young women with financial education and resources.

When was Secret's financial empowerment initiative announced?

The initiative was announced on March 28, 2023, at the New York Stock Exchange.

How does Secret plan to reach young women with its initiative?

Secret will use social media campaigns under the hashtag #SecretMoneyMoves to engage Gen Z women.

What is the goal of Secret's financial education initiative?

The goal is to empower millions of young women by 2030 to reduce financial stress and foster equitable wealth.

Who are the financial experts involved in Secret's initiative?

The initiative includes various renowned financial experts, such as Berna Anat and Marsha Barnes, who provide insights tailored for young women.