X

New Moms, Don't Quit Your Jobs

Stay-at-home mother warns about the long-term financial consequences
By John Johnson,  Newser Staff
Posted Jan 6, 2011 3:24 PM CST

(Newser) – Katy Read left her full-time job as a reporter in 1996 to raise her two sons and remains grateful for all the moments she didn't miss as they grew up. That's the good news. Here's the bad: "Now I lie awake at 3 a.m., terrified that as a result I am permanently financially screwed," she writes in Salon. Not only is she trying to re-enter the workforce as a newly divorced single mom at a time when nobody's hiring, she's discovering that her biggest liability in the eyes of employers is that 14-year gap she spent with her sons. "This is not a plea for sympathy. More like a warning from the front lines."

story continues below

It's a warning that Read never got, especially about the long-term consequences, and she predicts that our current economic mess will further shrink women's interest in "opting out" of the full-time workforce. "However emotionally rewarding it may be for all involved, staying home with children exacts a serious, enduring vocational toll that largely explains the lingering pay gap between men and women as well as women's higher rate of poverty." Her advice for new moms pondering the choice: Don't do it. Click for the full column. (Read more single parenting stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X