5 Ways Women Contribute To A Thriving Economy

Women do so much.

We raise children while working full time jobs and taking care of husbands and our homes. Not only do we have an obligation to our family but we have an obligation to our country as well.

Throughout 2010, the Joint Economic Committee has analyzed women’s increasing influence in the economy, the growing role women are playing in providing for families’ economic well-being, and the challenges women continue to face in the workplace.

As you start to look at the impact of the women’s vote on the upcoming election, below are 5 ways that women have helped in the economy that have emerged from recent JEC reports that might be useful in the coming weeks.

  1. In 2009, women made up 49.8 percent of the workforce, up from 44 percent 25 years earlier. 59.2 percent of women were in the labor force in 2009, an increase from 53.6 percent in 1984, but down slightly from the peak of 60 percent in 1999.
  2. Women are co-breadwinners or primary breadwinners in nearly two-thirds of American families.
  3. In 2009, more than one-third (34 percent) of working mothers are their families’ sole breadwinner, either because their spouse was unemployed or out of the labor force or because they were heads of household.
  4. Wives’ incomes comprised more than one-third (36 percent) of family income in 2008.
  5. In the past quarter century, it has taken two earners to get ahead: between 1983 and 2008, married couples with a working wife experienced average annual income growth of 1.12 percent, while married couples with a stay-at-home wife saw their average annual incomes decline by 0.22 percent per year.

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