Financial Hardships of Women After Divorce: The Gender Pay Gap
Divorce hits women harder particularly with their financial stability and career prospects. Women generally earn less than men for the same work and this disparity persists after divorce. With the loss of partner income post-divorce, single women struggle to cover all of the expenses of the household. Also, the pay gap causes single women to have less savings and retirement and fewer resources to accumulate future resources for such investments. Statistics show that women after divorce face greater challenges for advancement in their careers due to the increased responsibilities of single parenting and have more difficulty furthering education and professional development. All of these factors combine to make the risk factors high for women after divorce to fall into poverty and have trouble getting out.
