Insurance for the Hardest Unpaid Job In The WorldMarch 18, 2010 · Posted in Fatherhood, Marriage, Parenting, Relationships, Separation/Divorce, Work/Family Balance · Permalink · Comments (0)
ALERT! Women are still making 77 cents on the dollar! Sylvia Ann Hewlett, an economist and the founder of the Center for Work-Life Policy has estimated that the penalty is 10% of income for every two years out of the job market, a loss that is never recouped. If a woman divorces, the Rutgers Divorce Project states, her standard of living decreases by 27% and a man’s increases by 10%. So between lower wages in general, no social security benefits for full time mothers, and divorce rates holding between 40 and 50%, what’s a woman to do?
Here’s an idea that you and your spouse can implement which takes these facts into consideration. Not romantic, but realistic and fiscally responsible planning. How about a Family Insurance Plan? A self-made insurance policy for the mother who stays at home for a number of years. Each year you can put aside a percentage of the family income toward this safety net. We get life insurance so that our family is cared for if we die, so why wouldn’t we honor the work being done at home and protect your family financially at the same time.
Whenever this is suggested in Mother’s groups, women first get excited and then deflate- fearful about bringing this up with their husbands. Men and women alike have difficulty attaching a monetary value to being the family manager. More importantly, woman are worried that bringing this up feels like a vote of no confidence in the marriage.
On the contrary, this is a protective forward-thinking gift to the whole family. You address the financial sacrifice that women make by deciding to either decrease, or stop their work outside the home, and you protect your children from undue financial hardship. Sounds like a win-win!
First time back in yoga class in five months. The shoulder tear I incurred had me in pain and out for the count for quite some time. I settled into a seated position as we chanted a Sanskrit sentence that translates to “Birth is our teacher, Life is our teacher, Death is our teacher.” Guru, the word for teacher in the chant, really means the removal of darkness to see light. The teacher talked a bit about how life, and our mistakes, are our Gurus. They remove some blindness, some darkness, and something becomes clear, illuminated, something learned, movement happens.
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