New Study Shows 53% of Women Are Breadwinners

By Features LearnVest

Guess who’s bringing home the bacon? Or, um, bread?

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New research from the Prudential Financial group found that over half of the women in America are primary breadwinners in their households—53%, to be exact.

A closer look shows that 40% of these women are either single or divorced and support themselves entirely, while 22% of married women earn more than their husbands.

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What’s accounting for this spike in female earning? The recession, for one: Over a third of female breadwinners credited the “challenging economy” as the reason they earn more than their male counterparts.

This figure shouldn’t come as a huge surprise—according to Bloomberg News, “During the recent recession, three men lost their jobs for every woman.” But Bloomberg also reports that 53% of America’s workers are women, including 51% of managerial positions, suggesting professional success as another driving factor for these numbers.

Unfortunately, even with this increased earning power, women still fall behind in one area: the confidence to make financial decisions. Prudential’s survey also found that only 23% of female breadwinners feel prepared to make financial decisions, compared to 45% of their male counterparts.