Women and Money Research

CNN June 27,  2012 Divorce rates of those over 50 doubled in the last 20 years.  In 1990-fewer than 1 in 10 were over 50.  Less educated choose divorce.

FOX Robin Goldstein May 16, 2014  Women initiate 80% of the divorces.

The Guardian James Meikle  August 2013 Women are more likely to suffer financially in a divoce if they are over 60.

Mean marry age is now 32 for women  and 33 for men.

KSL Mary Richards April 1, 2014 Divorce is five fold since 1990.  See Steve Ruggles (Minnesota Population Center.

The regional economist  April 2003 Married men make more money. Married women make even less than unmarried women.

In the USA  90% of the money is controlled by women.

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This was first published in the Los Angeles Times February 19, 2016 and reprinted in the Minneapolis Star Tribune.   The study published in the journal” Science Advances” found that women selling the same new product as men on eBay receive fewer bids and made 20% less than men for selling the exact same thing.

The researchers hypothesized that both men and women assign a lower value to products sold by women than products sold by men.    They tested their hypothesis by asking volunteers how much they would pay for a $100. Amazon gift card.

Half the participants were told the card was offered by Brad, and half were told it was offered by Alison.  The volunteers valued the card sold by Brad at an average of $87.42 and the exact same card sold by Alison at an average of $83.34.

What’s perhaps even more disturbing – women as well as men assigned a lower value to Alison’s card!

“It is not the case that only men pay lower prices to women sellers,” the authors said. “All buyers are unconsciously affected by the gender of the seller when making a bid.”

The fact that women have internalized and reflect society’s lingering attitude towards women when it comes to money and monetary value is something that should be included in our workshop.  This unconscious problem needs to be acknowledged, discussed, and overcome!  It certainly affects the difficulties in overcoming the more generalized lingering gender based wage disparity.  Brenda Litman