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Financial Life After Divorce for Women

When I was a young teenage girl, a nice older lady who was working at a grocery store got into a brief conversation with me about college education. She said, “Make sure you get a college degree to put in your back-pocket, in case you end up having to fully support yourself.” I didn’t find out the details of her life, but it’s probable that she was warning me to protect myself against a situation in which she had found herself entangled.

Rewind to about 50 years ago. The reality was most women didn’t think too much of careers or earning a living because that was, and perhaps still is in certain people’s view, the sole responsibility of their husbands. But as time went on from that point, divorce went on the rise. So has the rate of women receiving college degrees and entering the workforce.

Frequently for women, filing for divorce means more changes in lifestyle than separating from a lover– it means taking charge of their financial lives and becoming independent. These ladies are in good company, since the trend of women in the workforce is on the rise globally, divorced or not.

Bringing Home the Bacon

The cost of living is an expensive feat (an understatement for those residing in places like California or New York City). Those going through the divorce process would also agree, which is why it’s not only important to find ways to lower the cost of divorce, but also make sure you are able to support yourself as a newly single person with one lonely income.

Financial independence is increasingly important for women, who are still in the process of obtaining equal status and pay within the male-dominated work environment. They are making significant strides, as of late, and are predicted to do so even more in the near future.  Not only are 4 in 10 global workers female, an expected 1 billion more will become paid workers within the next ten years.

Educational feats provide similar and even more impressive statistics that show the increasing presence and potential for women in the economy. Outshining men within the developed world, 6 out of 10 college diplomas are earned by women. It seems the encouragement of the grocery store lady and others like her has worked.

Why Female Breadwinners Are Necessary

The continually high rate of divorce in the last of half of the 20th, and the beginning of the 21st century means women who are left single, and many times with children, are no longer dependent on men for their own sustenance. On top of this fact, it appears rare in the current economy to see even a marriage-intact household fruitfully surviving on only one income. Women are stepping up to the plate, not only for themselves but for the sake of economic progress within the American home and worldwide.

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