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The Pressures and Benefits of Being a Female Breadwinner

Tips for Making this Household Dynamic Work for You

By Kathy Longo, CFP®, CAP®, CDFA
Wednesday, 27 May 2020

The Pressures and Benefits of Being a Female Breadwinner

Recent economic changes brought about by the COVID-19 pandemic have changed the financial balance of power in many households. Even before that, though, a new trend was emerging. Today, more than half of American households are dual income, with the majority featuring the man as the primary breadwinner. However, the number of women outearning their male partners continues to grow. In fact, over the past five years, the number of female breadwinners has grown to four out of ten households.

This is an exciting statistic because it means women are harnessing their financial power in the workplace and taking the lead in their families in a way that hasn’t happened historically. However, it also means women are facing more pressure than ever before to perform at a high level both at work and at home. This can lead to a lot of stress and anxiety, especially if both partners fail to support one another.

Let’s take a look at the pressures and the benefits associated with being a breadwinning woman:

Swimming with the Current: Rewiring Your Retirement

By Kathy Longo, CFP®, CAP®, CDFA

Tuesday, 30 January 2018

Swimming with the Current: Rewiring Your Retirement

If you’re thinking about retiring, now is a great opportunity take stock of your life as a whole, with your career being only one component. Too often we look at our lives in black and white. Job and spouse. Children and friends. Fun and duty. It is important to look between the lines to identify the aspects of your life that make you feel successful and joyful.

Kathleen Longo Published in BAM Alliance | It Takes Three: Are You in the Right Relationship?

Friday, 29 July 2016

Kathleen Longo Published in BAM Alliance | It Takes Three: Are You in the Right Relationship?

 

Kathleen Longo shares steps you can take to ensure that the relationship with your advisor is fruitful and fulfilling in It Takes Three: Are You in the Right Relationship? Shared by The BAM Alliance, July 19, 2016

Studies show that 70 percent of women will leave their financial advisor after a major life change, such as the death of a spouse or divorce. Major life transitions bring enough stress and emotion without adding the need to find a new financial advisor or to master your finances. As women also generally outlive men, this longer life expectancy means you will at some point likely require financial counsel.

Are You Chasing Success or Happiness?

By Kathy Longo, CFP®, CAP®, CDFA

Wednesday, 12 November 2014

Are You Chasing Success or Happiness?

In a current society that is as fast paced as ever, people often wonder which came first; success or happiness? The real problem is determining what makes us truly happy and remembering to value that the most. Carl Richards asks us to really think about the people we know who are successful, and then think of those that are happy. Are they the same person? Most of the time they aren’t. So what makes these 2 individuals so different?

Carl Richards is the Director of Investor Education for the BAM Alliance.

This commentary originally appeared October 9, 2014 on www.behaviorgap.com

For the next few minutes, I want you to focus on the most successful person you know (and yes, it may be you). What makes this individual successful in your mind? Professional accomplishments? Personal wealth? Now, I want you to think of the happiest person you know.

Did you come up with the same name?

No doubt some of you did. However, I suspect many more of you ended up with two different people. We often ignore it, but we live in a world that doesn’t always make it easy for success and happiness to coexist. My sense is that the problem comes back to something fairly basic.

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