Working mothers likely CFOs at home
A new poll reveals that as the family’s CFO, 59 percent of working mothers say they manage household expenses alone. This is compared to 30 percent of working mothers who say they manage household expenses in a joint effort with their spouse and 11 percent who say their spouse manages household finances. Still, three-quarters (76 percent) of mothers say their household finances are managed successfully.
According to the survey, when given the choice, a strong majority (61 percent) of working mothers would prefer to get a 20 percent raise and continue working rather than take a year off from work. Only a quarter (25 percent) of working mothers say they wish they didn’t have to work most or all of the time. More than half (55 percent) are predominantly career oriented and do not work for financial reasons alone.
“The dynamic structure of household duties is constantly in flux, especially as the number of dual-income families has risen,” said Jennifer Owens, editorial director of Working Mother Media. “It’s not surprising, then, to see more and more career-oriented working mothers taking the lead on their family’s finances.”