How Did the Recession Affect Your Household Income?
More and more women are becoming the main breadwinner, yet not because women earn more than men, but more women have jobs.
The Great Recession has changed family dynamics, with more women becoming the family's main breadwinner and more importance placed on what women earn, according the to the Carey Institute at the University of New Hampshire.
During the height of the Great Recession, from 2008 to 2009, men disproportionately lost more jobs than women, as construction and manufacturing industries lost the most jobs, according to Boston.com.
During this same time period, women's contribution of the household income increased from 45 percent to 47 percent, the largest jump in a single year during the past 15 years.
Although employed wives contribute to nearly half of their family's household income, women still earn 77 cents to the dollar that men earn.
How has the recession affected your family's household income? Are you working more or less? Have you jumped into the workforce to help out with the household income? Is it a waste of time for a woman to work if she is only making 77 cents on the dollar? Tell us in the comments section.
Margaret Carroll-Bergman
12:24 pm on Tuesday, February 19, 2013
Who's the breadwinner in your family?
Casey Meserve
3:10 pm on Tuesday, February 19, 2013
Me, myself, and I. The cats don't have jobs.
John Smith
3:26 pm on Tuesday, February 19, 2013
Regardless of who the bread winner is in your household, the feds, state and local governments are sucking the life of retirees, low, middle and upper income families. Government does not want the above to have any expendable income. The recent elections have reinforced the idea of income redistribution amongst the liberal elite. I will soon be retired and can't wait to be in the gimme line for the first time in my life. The only advice I can give the working stiff is, HIDE your money!!
E. Mathis
12:52 pm on Wednesday, February 20, 2013
Amen, hide your money!