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

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Presentation on theme: "The Impact of the Recession on Women in the United States Presented by Lynn Gardner Heffron September 29, 2011."— Presentation transcript:

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 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 Rates Women - 7.7% to 8.0 % Men’s 9.9% to 8.9 % African-American women % to 13.4% African-American men %to 18.0% Single mothers % 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

8 NOT Building on Masculine Norms of 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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