When Women Bring Home a Bigger Slice of the Bacon by J. Lahart and L. S. Laughlin
Do conservative Christians, especially the gender complementarians and the marriage-obsessed ones, want to notice or accept the societal changes the article below is describing? Why no, no they do not.
Conservative Christians will either ignore the changes, and the ones that notice the changes will complain about these changes and scream and yell about how all of American culture should revert back to a 1950s-era sensibility, where more women got married young and stayed at home.
Well, I’m a conservative, but I’ve accepted the fact that our society has changed, and we’re not going back to the 1950s.
By refusing to accept (or by continuing to tune out) these societal shifts, Christians are not helping people where they are, and they should be helping people where they are rather than shaming them for not being or living a certain way (i.e., married with children living at home).
The growing clout of women as drivers of the U.S. economy will radically alter the business and investing landscape in years to come
By Justin Lahart and
Lauren Silva Laughlin
Over the past half-century, women have profoundly reshaped the U.S. economy. The changes that are happening now could be just as significant. Investors should take notice.
In 1970, only half of women in the U.S. aged 25 to 54 were in the workforce. Since then that figure has risen to three-quarters. For men it has moved in the opposite direction, slipping from 96% to 89%. Over the same time, more and more young women enrolled in college, leading them to more lucrative jobs. Women working full-time now earn 80 cents on the dollar to men, versus 59 cents in 1970.
That hardly counts as pay parity, and the gap is particularly large in the upper echelons of management. There has been significant progress, though. There were no women chief executives in the Fortune 500 in 1970. Now there are 33 and all of the companies in the S&P 500 now have at least one woman on their board of directors.
…Women are on course to take a more commanding role in the years to come. For years now, more women have been attending college than men. There are now as many women with four-year college degrees working as male college graduates and by next year there will likely by more. That should translate into increasingly higher pay as today’s young female college graduates advance to more senior positions.
….The education gap is showing up in traditional married couples. It is now more common for a woman to be more educated than her husband than vice versa. That might be what is behind another change: As of 2017, 31% of women earned as much or more than their husbands, according to a Pew Research Center analysis. That compares to 25% in 2000 and just 13% in 1980.
More women taking the earnings pole position within their families could augur a shift in American spending patterns. Single women allocate more of their budget toward health care, groceries, apparel and housing than single men with comparable budgets, Labor Department data show, while men spend more on cars and alcohol, among other items.
Women’s attitudes toward money also differ from men. In a recent survey conducted by Bank of America Merrill Lynch, 41% of women said they would use extra disposable income to pay down debt versus 36% of men. Those discrepancies suggest that stereotypes about women overspending are misleading…