Fast Company – “The gender pay gap is 84%, but even in the case where women are outearning men, they still face inequity at home. A new study by UBS Financial Services found that a third of women are the primary earners at home, but only 50% of these women in heterosexual relationships are involved in making financial decisions at home. The study surveyed 809 men and women who had a personal income of $175,000 or more, or had a partner making that amount. Here are the key takeaways:
- Female breadwinners are less likely to decide where their money goes: Only 51% handle the bills compared to 79% of male breadwinners; 44% are involved in day-to-day expenses compared to 57% of male breadwinners; and 52% are involved in long-term investments compared to 83% of male breadwinners.
- They face emotional backlash from themselves: Only 49% of female breadwinners feel comfortable earning more than their partners compared to 87% of male breadwinners. Only 52% feel like it’s natural for them to make financial decisions since they earn the bulk of the money compared to 73% of men in the same situation. Meanwhile, 50% of women say family and friends assume their husbands make more money and they do not correct them.
- And they face emotional backlash from their partners: 51% of men who aren’t breadwinners said they were embarrassed that they earned less, and 56% said the difference in earnings caused tension in their marriage. Meanwhile, 66% of males who aren’t breadwinners said they worried about their spouse’s spending habits, and 62% said they sometimes hold their spouse back from spending money. By contrast, only 22% of women who aren’t breadwinners worry about their spouse’s spending, and only 37% of these women have tried to monitor their spouse’s spending…”
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