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The Impact of the Recession on Women in the United States

The Impact of the Recession on Women in the United States. Presented by Lynn Gardner Heffron September 29, 2011. Quality of Life Factors. Happiness Differences in power and freedom Local economic opportunities Other sources of economic support Who makes economic decisions

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The Impact of the Recession on Women in the United States

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  1. The Impact of the Recession on Women in the United States Presented by Lynn Gardner Heffron September 29, 2011

  2. Quality of Life Factors • Happiness • Differences in power and freedom • Local economic opportunities • Other sources of economic support • Who makes economic decisions • Control of assets, savings • Family formations – birthrates – children • Divorce – family disputes • Household relations – domestic violence • Value of education • Hopes for the future

  3. National US Poverty Rate - 2010 • Climbed to 15.1% - the greatest percentage since 1993 • Number of Americans living in poverty – 46.2 million • (highest number since the Census Bureau began measuring poverty) • Middle class is falling – 1 in 3 Americans who grew up in middle class earn lass as adults • One million more children fell into poverty – total now 15.7 million or 22% of all children in America age 6 or younger – 1 in 4 lives in poverty

  4. Poverty Rates for Women 2010 • Poverty rate for WOMEN – 14,5% (13,9% in 2009) • Highest rate in 17 years • EXTREME poverty rate – 6.3% - (5.9% in 2009) • Highest ever recorded. • Extreme poverty – 7.5 million women • Total of all living in poverty: • 17 million women plus 12.6 million men • Worse for older women • Twice as many women over 65 than men living in poverty • SINGLE MOTHERS WORSE OFF • 40+% of women who head families now live in poverty

  5. Recession’s Impact – Unemployment Rates2009 - 2011 • Women - 7.7% to 8.0 % • Men’s 9.9% to 8.9 % • African-American women - 11.7 % to 13.4% • African-American men - 16.3%to 18.0% • Single mothers - 11.7% to 11.9%  • Hispanic men – 10.7 to 8.9 • Hispanic women – 11.5 to 11.4

  6. Why Women Leave Jobs • Family reasons • No opportunity for advancement in male- dominated fields • High expectations for travel and little personal time • Not respectful of work/home boundary – expected to take work home & work late • Lack of job satisfaction • Lack of reliable female role models • Inflexible work schedules • Workplace discrimination • White men syndrome • Glass ceiling issues

  7. Women in Business - 2010

  8. NOT Building on Masculine Normsof the 50 fastest growing women-led companies • 100% provide health insurance • 88% provide 401ks • 80% provide life insurance • 66% offer telecommuting • VERSUS, Nationwide • 62% of private companies offer health insurance • 47% offer retirement benefits • 59% access to life insurance • 5% have access to flexible workplace policies

  9. THANK YOU FOR YOUR KIND ATTENTION!

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