October 26, 2012
Baby boomer aged women, including myself are struggling more in the recession than others, NBC News Economy Watch reports:
A generation of women who flooded the paid labor force in the 1970s has spent the past four decades overcoming a host of obstacles to win its fair share of the American economic pie.
But for many women now approaching what was to have been the end of their careers, the Great Recession has turned out to be the biggest obstacle of their lives.
The recession has been particularly hard for single boomer women like myself:
Incomes for single boomer women have lagged even further behind other households. Since 1970, median incomes for married couples with both spouses in the paid work force have risen steadily – up more than 40 percent to nearly $86,000 (as of 2009). One-income couples and households headed by single men saw little improvement, with median incomes rising to less than $50,000. For single women, the median income, after rising slowly since 1970, barely hit $29,000 in 2009.
While both candidates are working hard and heavy to court the woman’s vote, I personally believe that the candidate that will deliver more for women, including income equality, jobs, education, the right to choice, privacy and health care, is Barack Obama.
Mitt Romney will turn back the clock on women’s issues, and we boomer women can’t afford to go back to the 50’s.
