For decades, women have fought for equality in the workplace and beyond. The fight continues, though there has been significant progress for women to achieve the success that they want in their lives through education and employment.
Deciding to get a divorce can be a scary, emotional decision. It can be especially daunting for the person in the marriage who might not make as much money as their spouse. Will they be able to support themselves and their kids if they leave the marriage?
The so-called traditional family model includes the wife at home taking care of the kids and the husband "bringing home the bacon." While there is certainly nothing wrong with that model, especially if it works for some, it doesn't guarantee a happy marriage. In fact, a recent study reveals that women are less likely to initiate a divorce when they work outside the home.
Statistics have shown that many women face moderate to severe financial setbacks immediately following a divorce. This is especially true if a woman has sacrificed her own career ambitions in exchange for domestic work such as child care. Often, alimony and child support payments are not enough to place the divorced spouse in a financial position that's anywhere close to her position during the marriage. While the first few years following a divorce can result in substantial financial challenges, a new study conducted by the University of Connecticut suggests that divorced women who remain unmarried find themselves in a far better financial position by the time that they retire than those who choose to remarry.
"Times are changing." Every generation says that about one thing or another in its life. For those who were born in the 70's, a recent Pew Research Center study shows that the real change of their generation is the shift in marriage trends compared to prior generations.