Hey guess what ladies, according to the Chicago Tribune, when it comes to the economy, it seems that women on their own are disproportionately vulnerable:
“The 26 percent of all households headed by a woman earn, save and accumulate less wealth than other households. The median annual household income for women who never married or are divorced or separated was $22,592, about half of the level of all households.“
“Women living on their own had a median net worth of just $32,850, according to the data Montalto derived from the Federal Reserve’s most recent Survey of Consumer Finances. That’s just over a third of the $93,001 for all households.“
But here’s the zinger–the Trib reports that while “low incomes clearly are a problem for women living on their own, attitudes also stand in the way”,according to Consumer Federation Executive Director Stephen Brobeck.
Say what? I don’t suppose the fact that women are more likely to be custodial parents and less likely to have health insurance and other purse-emptying realities like that might have anything to do with our um, attitude?
Lack of a financial well-being can also be downright dangerous for women. As the AP reports,
With the recession and the collapse of the housing market, more and more couples who have broken up are continuing to live under the same roof, according to judges and divorce lawyers. Some are waiting for housing prices to rebound; some are trying to get back on their feet financially.
But this isn’t merely a case of economic awkwardness, the situation creates the potential of very real danger for women. According to the U.S. Department of Justice, between 1998 and 2002:
- Of the almost 3.5 million violent crimes committed against family members, 49% of these were crimes against spouses.
- 84% of spouse abuse victims were females, and 86% of victims of dating partner abuse at were female.
- Males were 83% of spouse murderers and 75% of dating partner murderers
- 50% of offenders in state prison for spousal abuse had killed their victims. Wives were more likely than husbands to be killed by their spouses: wives were about half of all spouses in the population in 2002, but 81% of all persons killed by their spouse.
Obviously in a divorce situation where a couple is already under stress, tempers can easily flare and it isn’t hard to see that in a situation where a couple has no economic choice but to remain under the same roof, the result could be deadly.