The government has put out a comprehensive report called Women in America. This report shows that women are still struggling when it comes to personal finances. While women are doing better now than in previous decades, they still have a long way to go.
Most people know that women tend to live longer than men. Did you know that women are more likely to experience major health problems? It is true. These medical problems can hinder a woman’s ability to work. Many women also skip out on purchasing the care that they need because of the cost. If a woman is unable to work and cannot afford the cost of care, things can get really bad for that woman.
The earnings gap between women and men has been narrowing over the past few decades. That said there is still a significant gap between what a woman makes for a particular job and what a man makes for that same job. There is hope that in the coming years, the gap will continue to decline and eventually disappear all together.
With each decade that passes more and more women are graduating from high school and college. This is helping the earning gap close, but there are still some degrees such as engineering that few women go into. Some experts speculate that this can have an effect on the earning gap between men and women.
Women are getting married and having families later in life. Some feel that this could be due to women getting their degrees and having careers. Even though many women are having families later in life, more women than men are living in poverty today. The worst in disparity though is single mother families. They are having the hardest time trying to make it.
This report also shows us that more women than men are working part time in order to be able to take care of their families. It also shows us that more men than women are willing to work outside of the home. This may be in part due to women taking the main role in raising a family. There are many women who prefer to leave their careers behind in order to take care of a family.
What does all of this tell us? It tells us that women tend to live longer than men, but make less money than men. This puts most women in a difficult position at some point or another in their life. Women need to recognize these patterns and plan accordingly. If you are a woman who has a family or are planning on having one someday, you will need to figure out the best way to go about it financially.
Latest posts by Charlie (see all)
- The Facts about Payday Loans the CFPB would rather you did not know about - November 1, 2016
- The CFPB is a top concern with Elections Right around the Corner - October 24, 2016
- Revamped Payday Loan Regulations under review - October 14, 2016