woman in business suit talking on phone and looking at child sitting on her desk (Photo: Shutterstock)

The correlation between gender and financial preparedness is a long-standing reality of the American economy, but data shows that the pandemic has widened the divide, putting women at an even greater disadvantage.

Many women had to leave the workforce completely—either due to being forced out by furloughs and layoffs or unable to accommodate both a full time job and the vast amount of unpaid physical and emotional labor needed to take care of their families during this time. The numbers are bleak: According to Oxfam International, the pandemic has cost women around the globe 64 million jobs (~5% of the total jobs held by women) and $800 billion in earnings.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.