ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Medora Lee | Money and Personal Finance reporter
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Hi, it's Medora wishing you a happy Fri-YAY, ahead of a special weekend that celebrates moms! Sunday is Mother's Day, so only a couple of more days to do or buy something special for her to show your appreciation. |
During the pandemic, she kept hearing how women left the workforce and never fully returned because they had to take care of children at home . In a moment of frustration with a full house of her own and still working, she started scrutinizing data around women and work. What she discovered was a very different story. MOMS actually were among the first to return to work. It was 65+ women, single women and young women with fewer responsibilities who stayed out. |
"College aged women could go back to live with parents or group up in home and survive on less, 65+ and single prime-age women didn't have anyone dependent on them," Heggeness said. "But parents had people depending on them and were faced with the decision between go out and keep working in the community and support their kids or not work and not have money to feed them. Women's earnings aren't just discretionary anymore." |
But what about childcare? |
"Let's face it, childcare's always an issue," she said. "It's always been super expensive with wait lines to get in pre-pandemic, and moms always historically figured out a way to get a thread together or quilted patchwork childcare coverage --- stay with neighbors, grandparents. No one is solving the problem for us, so moms get creative. Think of what happened during the pandemic when schools were closed - educational pods. Moms used their grassroots skills to solve a problem." Go Moms! |
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