FAIRFIELD COUNTY - Women who live alone or head their own households are bringing home - and saving - less money than the average American family.
At least that's what a recent analysis on female spending habits from the Consumer Federation of America suggests. Single women, including those who are divorced or widowed, reportedly are earning less and setting aside little to no money for emergencies.
Tough times all over, yet women enter this troubling financial cycle already behind the guys. Over a quarter of all U.S. households are headed by a woman, and those families earn and save less than all other households. In addition, single women have a median net worth that is about a third of the $93,000 national average.
Given these added challenges, can women keep up with their bills? Maybe, but it’s their long-term health that seems to be falling by the wayside.
The overwhelming support of unmarried women propelled Jim Martin to the Georgia U.S. Senate runoff election. Unmarried women proved to be the decisive political force in Georgia, supporting Martin by 49 points over Chambliss, (71% to 22%).
Find out more in Impact of Unmarried Women’s Vote in GA