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2026-02-17 09:00:00| Fast Company

After 50, too many women reduce their working hours, become trapped in lower-quality jobs, or exit the labor market altogether. Part-time employment becomes more prevalent as women age. The gender gap widens. For women, this means lower lifetime earnings and significantly smaller pensions. Many are calling this phenomenon the menopause penaltya midlife equivalent of the motherhood penalty. And indeed, research suggests that womens earnings drop in the years following a menopause diagnosis. But while menopause clearly plays a role, there is a risk in attributing these economic setbacks too narrowly to biology. Doing so not only oversimplifies womens lived realitiesit also medicalizes what are fundamentally social and organizational problems. Menopause matters. But it rarely acts alone. A convergence of pressures and setbacks Midlife is often the most demanding phase of womens lives. Menopause tends to coincide with a series of other life shocks that disproportionately affect women. Caregiving responsibilities intensify: aging parents begin to need support, while many women are still helping children or even grandchildren. The sandwich generation is squeezed between upward and downward care. {"blockType":"mv-promo-block","data":{"imageDesktopUrl":"https:\/\/images.fastcompany.com\/image\/upload\/f_webp,q_auto,c_fit\/wp-cms-2\/2026\/01\/PhotoLVitaud-169.jpg","imageMobileUrl":"https:\/\/images.fastcompany.com\/image\/upload\/f_webp,q_auto,c_fit\/wp-cms-2\/2026\/01\/PhotoLVitaud-11.jpg","eyebrow":"","headline":"\u003Cstrong\u003ESubscribe to Laetitia@Work\u003C\/strong\u003E","dek":"Women power the worlds productivity its time we talked more about it. Explore a woman-centered take on work, from hidden discrimination to cultural myths about aging and care. Dont miss the next issue subscribe to Laetitia@Work.","subhed":"","description":"","ctaText":"Learn More","ctaUrl":"http:\/\/laetitiaatwork.substack.com","theme":{"bg":"#2b2d30","text":"#ffffff","eyebrow":"#9aa2aa","subhed":"#ffffff","buttonBg":"#3b3f46","buttonHoverBg":"#3b3f46","buttonText":"#ffffff"},"imageDesktopId":91472264,"imageMobileId":91472265,"shareable":false,"slug":""}} Meanwhile, serious health risks increaseincluding breast cancer and chronic illness. Divorce is also common in midlife and comes with major financial and emotional consequences. The death of a parent is another major shock that frequently occurs in midlife and is largely invisible in workplace thinkinggrief doesnt fit into a few days of leave but often brings lasting exhaustion and difficulty concentrating. Overlay all of this with growing exposure to ageism in the workplace and it becomes clear that menopause is rarely the only culprit. Yes, symptoms such as fatigue, hot flashes, or brain fog can make work harder to sustain. But menopause comes at a moment of cumulative strain. It does not create the inequalities. It amplifies those that already exist. When work refuses to adapt Many jobs are still designed for a worker who is endlessly available, physically resilient, emotionally stable, and largely free from caregiving responsibilities. Menopause symptoms collide with these unrealistic expectations. Instead of redesigning workadjusting schedules, reducing unnecessary presenteeism, offering autonomy, improving ergonomic conditions and workplaces, or recognizing fluctuating capacityorganizations implicitly ask women to adapt their bodies. And when they cannot, the choices available are reducing hours, stepping back from responsibility, refusing promotions, accepting less visible roles, or leaving work altogether. From the outside, this looks like individual preference. Thats why the menopause penalty looks exactly like the motherhood penalty. Neither is caused simply by biology. Both result from the collision between life stages and rigid work systems built around male, uninterrupted career norms. The penalty is also reinforced by stereotypes. Menopause is still associated with emotional volatility, decline, and loss of competence. Many women fear being perceived as less reliable or less ambitious. Some avoid high-visibility projects. Others turn down leadership roles or client-facing positions simply because they fear exposure. Menopause stereotypes are like sexism on steroids. Economically, the menopause penalty represents a massive loss of human capital. Women in their late 40s, 50s, and early 60s often hold their highest levels of skill, institutional knowledge, and professional experience. When they reduce hours or leave work prematurely, organizations lose leadership potential, mentoring capacity, and expertise. The danger of medicalizing inequality There is an increasing push to frame menopause primarily as a health issue requiring medical solutionsmore awareness campaigns, more diagnoses, more treatments. Dont get me wrong: better healthcare really does matter. Too many women suffer unnecessarily because of lack of information, poor medical support, or lingering fears around hormone therapies. For those with severe symptoms, treatment can be life-changing. But there is a real risk in making menopause the central explanation for midlife economic inequality. When reduced earnings or stalled careers are blamed mainly on hormonal changes, it obscures the role of workplaces, the gendered division of unpaid work, insufficient care infrastructure, ageism, and broader social, political, and corporate issues. It suggests that if women simply managed their symptoms better, the problem would disappear. We often medicalize social problems. For example, we prescribe antidepressants without addressing poverty, violence, overwork, or isolation. Hormone therapy may ease hot flashes and prevent osteoporosis (and thats a lot). But it wont pay the rent, restart a stalled career, restore lost pension rights, or compensate for years of unpaid care work. Pills dont fix ageism. They dont erase structural inequality. Lets redesign work for long lives 1. Design work for sustainability. Most jobs are still built around an ideal worker who is always available, endlessly energetic, and free from responsibilities outside work. This model breaks down over long working lives. Companies should rethink workloads, hours, and performance expectations to allow for fluctuating capacity over time. Focusing on outputs rather than presence, reducing unnecessary urgency, and normalizing lower-intensity periods would make careers more sustainable. 2. Make flexibility the norm. When flexible working is treated as an exception, it carries invisible penalties (slower progression, reduced visibility). To avoid turning flexibility into a career trap, companies should offer autonomy over hours and location by default and ensure flexible workers are not sidelined. 3. Confront ageism head-on. Many midlife career setbacks for women are inseparable from age discrimination. Employers should track pay, promotions, and evaluations by age and gender, challenge stereotypes in leadership cultures, and ensure development opportunities exist throughout careers. 4. Recognize caregiving as a normal life-stage reality. Midlife is often when care responsibilities peakfor aging parents, ill relatives, or extended familyyet workplace policies remain focused on early parenthood. Companies should expand support to include eldercare flexibility. When caregiving is ignored or treated as a personal inconvenience, many women quietly reduce hours or exit. 5. Address menopause openly. Raising awareness and training managers can reduce stigma and improve support. But if rigid schedules, long hours, and unforgiving performance models remain, women are left to manage symptoms within broken systems. Menopause initiatives must go hand in hand with reforms in job design, flexibility, and inclusionor risk becoming symbolic rather than effective. {"blockType":"mv-promo-block","data":{"imageDesktopUrl":"https:\/\/images.fastcompany.com\/image\/upload\/f_webp,q_auto,c_fit\/wp-cms-2\/2026\/01\/PhotoLVitaud-169.jpg","imageMobileUrl":"https:\/\/images.fastcompany.com\/image\/upload\/f_webp,q_auto,c_fit\/wp-cms-2\/2026\/01\/PhotoLVitaud-11.jpg","eyebrow":"","headline":"\u003Cstrong\u003ESubscribe to Laetitia@Work\u003C\/strong\u003E","dek":"Women power the worlds productivity its time we talked more about it. Explore a woman-centered take on work, from hidden discrimination to cultural myths about aging and care. Dont miss the next issue subscribe to Laetitia@Work.","subhed":"","description":"","ctaText":"Learn More","ctaUrl":"http:\/\/laetitiaatwork.substack.com","theme":{"bg":"#2b2d30","text":"#ffffff","eyebrow":"#9aa2aa","subhed":"#ffffff","buttonBg":"#3b3f46","buttonHoverBg":"#3b3f46","buttonText":"#ffffff"},"imageDesktopId":91472264,"imageMobileId":91472265,"shareable":false,"slug":""}}


Category: E-Commerce

 

2026-02-16 20:30:00| Fast Company

Housing affordability is a top concern for many Americans, and both chambers of Congress have been advancing legislation to help prospective homeownersthough it may take years for those benefits to actually materialize.  This past week, the House of Representatives passed a bipartisan bill called the Housing for the 21st Century Act, which aims to increase the supply of affordable housing. That sets the stage for some political wrangling ahead. The Senate previously passed its own bipartisan legislation in October as part of a broader package, before it was stripped from the final bill, and it is now considering the stand-alone bill, the ROAD to Housing Act. Ultimately, the two chambers must agree on a final version of a housing bill that will also get support from President Donald Trump. The legislation targets a top concern for Americans. More than 6 in 10 adults (62%) say they are very concerned about the cost of housingtrailing only behind the cost of healthcare (71%) and the price of food and consumer goods (66%), according to the results of a survey of more than 8,500 people conducted by the Pew Research Center in late January. The Houses legislation marks an important step forward, even if it wont magically fix a crisis that has developed over time and will be similarly resolved in time, according to David M. Dworkin, president and CEO of the National Housing Conference, a nonprofit thats focused on affordable housing.  We got into this crisis one unit at a time, and we will get out of it the same wayone unit at a timethrough a range of coordinated strategies that expand supply, reduce costs, and improve access to affordable homes, Dworkin said in a statement celebrating the passage of the legislation. Even though it could take time to benefit prospective homeowners, here is how the House bill addresses housing affordability. MODERNIZES FEDERAL HOUSING AND DEVELOPMENT PROGRAMS One of the primary goals of the Houses legislation is to streamline the federal and local housing process so that more housing can be built more quickly. And among the densest sections of the 202-page legislation is the section focused on modernizing local development and rural housing programs. The legislation takes aim at revising federal housing programs to eliminate regulatory bottlenecks and expand financing for affordable housing. The legislation also expands how funds can be used to include paying for new construction.  INCREASES ELIGIBILITY FOR GRANT PROGRAMS Another major goal of the House legislation is to ensure that federal grant programs reach a broader segment of the population. The legislation significantly expands the criteria to qualify for existing housing grants. One such example is adjusting the HOME Investment Partnerships Program so that income eligibility caps are raised to 100% of the median-family income of the area, and so the program can support more middle-income families.  The bill also introduces new grants that are designed to incentivize local entities to reform their land-use policies and update zoning codes. These grants again target potential local regulatory hurdles that have deterred investment in affordable housing. FAST-TRACKS ENVIRONMENTAL REVIEW PROCESS Again targeting potential barriers to construction activities, the legislation streamlines the review process required by the National Environmental Policy Act (NEPA) by exempting certain housing-related activities. Specifically, the bill creates categorical exclusions for certain smaller-scale projects. The legislation also eliminates duplicative environmental reviews so that housing thats received approval for one federal assistance program doesnt have to undergo another review if the scope, scale, and location of the project remain substantially unchanged. MODERNIZES MANUFACTURED HOUSING STANDARDS Finally, the bill envisions a future of more manufactured housing by again changing some of the requirements related to this type of construction that might address the availability of affordable housing.  One of the biggest changes this legislation makes is that it strikes just four words from legislation thats been on the books for more than 50 years: It eliminates the requirement that manufactured homes must be constructed with a permanent chassis. It also updates the construction and safety standards for manufactured homes. IMPACT ON HOMEBUYERS Even though it will take time for these changes to roll through the system and benefit prospective homebuyers, trade groups across the various facets of the housing industry celebrated the passage of the House bill. That said, there could be some hurdles to getting a final piece of legislation across the linepartly because President Trump is pressing Republicans to include a measure that will curb large investors purchases of single-family homes. Even so, advocates are optimistic that bipartisan support of housing affordability legislation will continue. Bold action to expand supply and remove barriers to homeownership has never been more urgent, Shannon McGahn, executive vice president and chief advocacy officer for the National Association of Realtors, said in a statement. This legislation takes a comprehensive approach to increasing housing production, modernizing critical federal programs, and strengthening pathways to credit and homeownership.


Category: E-Commerce

 

2026-02-16 18:15:00| Fast Company

Tax filing season is in full swing, and while preparing your taxes can often be filled with stress, misplaced documents, and worries about proper filing, this year, there may be a silver lining. According to analysts, many Americans may get larger refunds in 2026 due to Trump’s 2025 One Big Beautiful Bill legislation. Last year, the average refund was $3,167, but, given there are a number of new changes and deductions, experts say many Americans are looking to get back an additional $1,000 or more. Overall, that could come out to around $90 billion more dollars in tax returns.Here are the biggest changes that could boost your tax refund this year: No tax on overtime One of the biggest changes hitting tax filers this year is that overtime hours won’t be taxed. Under the newly signed legislation, there is now a deduction for up to $12,500 of qualifying overtime wages. According to the Tax Policy Center, the law will make for an average tax cut of $1,400. The change applies from this year through 2028. Larger child tax credit One change many Americans will see on their tax returns this year is an increase to the Child Tax Credit (CTC). The credit will go from $2,000 per child (under 17 at the end of last year) to $2,200 per child (up from $2,000). The credit begins to phase out for married couples filing jointly with an Adjusted Gross Income (AGI) over $400,000 and $200,000 for single filers. A new senior deduction This year, those over 65 are set to receive a new $6,000 Senior Deduction ($12,000 for married couples filing jointly). The temporary deduction is available for 20252028, but there are income limits. The deduction is only for those earning under $75,000 ($150,000 for married couples). No tax on tips Tips also won’t be taxed this year, although there are limitations based on the taxpayers income, occupation, and type of work. Still, those that rely on tips, such as servers, drivers, and more, can deduct up to $25,000 from their taxable income. The benefit won’t apply for anyone with a modified adjusted gross income (MAGI) above $150,000 (or $300,000 for couples). The deduction is scheduled to expire after 2028/ Change to standard deduction There’s also a change in the standard deduction this year. For single taxpayers the dedication is $15,750 and $31,500 for joint filers. For heads of households, the standard deduction is $23,625. Overall, the new deductions make for an increase of 7.9% since last year. Change to state and local (SALT) deduction  The SALT deduction, which allows taxpayers who itemize to deduct up to a certain limit of state and local income/sales and property taxes from their federal taxable, will see a temporary increase in the cap. For the 2025 tax year the deduction will increase from $10,000 to $40,000. For high tax states, that could make a huge dent in overall deductions. Still, when it comes to this particular dedication, most people won’t see the benefit at all. That’s because most people don’t earn enough to itemize deductions and are better off taking the standard deduction. Those in the 1% to 5% income bracket are set to receive the largest benefit of the change.


Category: E-Commerce

 

2026-02-16 15:12:55| Fast Company

In the United States, its one of our annual holidays today, Presidents Day, which celebrates the dozens of American presidents weve had over the centuries. But on the other side of the world, an even larger holiday is kicking off: Chinese New Year. Heres what you need to know about the festival and its importance to the millions of Chinese Americans in the United States. What is Chinese New Year? Chinese New Year, also known as the Lunar New Year or, in China, the Spring Festival, is an annual holiday that marks the beginning of the new lunar year. Unlike many Western holidays, the lunar new year does not have a fixed date. Instead, it typically falls on the full moon closest to Spring.  But the Lunar New Year is just the beginning of the festivities in China. It kicks off the beginning of the Spring Festival, which continues for the first week of the new year. Given the cultural importance of the holiday period, hundreds of millions of Chinese travel each year to be with their families and loved ones, making it the worlds largest annual migration event. As Reuters notes, the Lunar New Year travel period officially began on February 2 and will run for 40 days. During this time, Chinese officials estimate that 9.5 billion domestic trips will be made related to the holiday period. Thats nearly half a billion more trips than last year. When is Chinese New Year? This year, the Lunar New Year falls on Tuesday, February 17 in China. But, as with the Gregorian New Year on January 1, celebrants hold festivities the night before, leading up to midnight. In this way, Lunar New Years Eve falls on Monday, February 16 in China, just as New Years Eve is celebrated on December 31 in the West. However, because China is 13 to 18 hours ahead of America, both Lunar New Years Eve and Lunar New Years Day in China fall on Monday, February 16, in the United States. However, many who celebrate the festivities in America often stick with the local time zone midnight divide. Whats the significance of the horse? Each new Lunar New Year is represented by one of 12 animals. The animals correspond to the Chinese Zodiac. This year, for the Lunar New Year that commenses on February 17, is the Year of the Horse. The horse represents hard work, bravery, and resilience, according to the Smithsonian.  Are businesses closed on Chinese New Year or Chinese New Years Eve in America? In most years, usually not. While millions of Americans celebrate the Chinese New Year, its not an official federal or state holiday. However, as Lunar New Years Eve 2026 falls on today, the same day as Presidents Day 2026 in America, the same businesses and institutions that are closed for Presidents Day will also be closed on Chinese New Years Eve. Fast Company has a rundown of the businesses and government offices that are closed on Presidents Day. Where can I celebrate Chinese New Year? Millions of Americans celebrate the Chinese New Year every year. As with the Gregorian New Year, many choose to celebrate it in their homes with their families.  However, public Chinese New Year celebration events are held all over America as well. If youve got a Chinatown in your area, its worth popping by to see what festivities are being held.


Category: E-Commerce

 

2026-02-16 14:00:00| Fast Company

After more than a decade of planning, an overlooked side of the ski haven of Aspen, Colorado, will soon be revamped into a new base village. Named Chalet Alpina and covering two-and-a-half city blocks, the development will build a new modern ski lift that is closer to the city’s downtown and flank it with a luxury hotel and residences, a restaurant and ski museum inside relocated historic chalet buildings, and a broad new public plaza. The project, which broke ground last fall, is situated at the loading point of the 1937 tow line that was the city’s first mechanized route up the mountain. Remnants of the steel lift that replaced it a decade later will be preserved as part of the project. With cost estimates totaling nearly $350 million and an expected completion in 2029, the 200,000-square-foot project will “fundamentally change” Aspen Mountain, according to a local official. [Image: courtesy of Chalet Alpina] Jason Grosfeld, CEO of Irongate Group, the project’s lead developer, says the change is much needed and will provide skiers a more accessible alternative to Aspen’s existing ski base village, known as the Little Nell site. “That’s been built out for years. It’s wonderful, it’s great. People love it,” he says. The side of the mountain where he’s developing Chalet Alpina, however, “has been a little bit forgotten,” he notes. The Lift One site in the 1960s. [Photo: Aspen Historical Society] As the site of the city’s first ski lift, this area certainly had a heyday, but Grosfeld says a decision in the 1970s to build a replacement lift that required skiers to walk a bit higher up the mountain to get on board pushed more activity to the Little Nell side. “That was sort of the beginning of the end of this area. In fact, in the ’50s and ’60s and even a little later than that, this area was actually pretty vibrant,” Grosfeld says. He sees the Chalet Alpina project as a chance to breathe life into this side of the mountain. “I’ve been skiing in in Aspen since I was about seven or eight years old,” he says. “I am incredibly nostalgic about what skiing did for my childhood and my kids’ childhood, and what it still does for me. And so I really did want to bring that back.” [Image: courtesy of Chalet Alpina] A close vote and a decade of development Set in one of the most prestigious and expensive ski resort towns in the U.S., the project has endured a lengthy approval process and no shortage of opposition from developer-weary locals. Plans first started taking shape in the early 2010s, and Grosfeld says the project was shaped by extensive community outreach. A 2019 public vote on the project passed by 0.8%, a margin of just 26 votes. The slow motion is partly due to the project’s unique makeup. It’s technically a complex combination of land parcels owned by Irongate Group and local developer HayMax Capital, the Aspen Skiing Company, the City of Aspen, and the luxury hotel company Aman Group, all of which had to collaborate to lay out a plan for the project, while also appeasing locals. Permits for the project began to solidify in 2023 and the project was cleared for construction in 2025. “It’s been over a decade since we started this and it’s been really, really time consuming, and really difficult, but also really, really meaningful,” Grosfeld says. “Many developers don’t get that opportunity in a lifetime. So we’re super lucky and we’re treating the opportunity with the care and attention that it deserves.” [Image: courtesy of Chalet Alpina] Callbacks to the past, designed for the present Working from the beginning of the project with New York-based Guerin Glass Architects, Grosfeld says the project was deeply shaped by the historic nature of the site, including the 1940s-era steel chair lift structure that will be preserved, as well as the two mid-century chalet buildings that are being relocated and retrofitted. (One will be turned into a restaurant; the other into a ski museum, in partnership with the Aspen Historical Society.) [Image: courtesy of Chalet Alpina] Scott Glass, cofounder of Guerin Glass Architects, says elements of these historic structures helped shape the new project, both in the forms of the buildings and in their details. “First and foremost, we wanted to be really intentional about the way the building sits on the site and how it cascades down the hill,” he says. “It doesn’t get too big in any single place, and it really feels like it’s part of the slope.” [Image: courtesy of Chalet Alpina] The design team pulled on other elements of the surroundings, right down to some board formed retaining walls put in place back in the 1940s, which they then used to inform the look of various walls, planters, and even the ski hut at the base of the extended ski lift. It’s all in service of blending the project into the city and the mountain. After all, a ski run splices right through the project’s site, making it a gateway to a new Aspen base village. “For us, one of the real treats and important elements of the project is the public nature of everything,” Glass says. “It’s a resort hospitality project, but it’s also a ski museum and a portal to one of the more important elements of the town.” [Image: courtesy of Chalet Alpina] Some of these details have had more than a decade to coalesce. Grosfeld says that drawn out timeline, grueling as it may have felt at times, ultimately made the entire project better. “The nice thing about a long process is we get to stare at this thing for like 10 years before we’ve even built it,” he says. “We’ve been staring at these renderings for a long, long time and nobody’s sick of them yet. I can’t say that for every rendering that I’ve stared at for a long time.”


Category: E-Commerce

 

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