| It was believed women were leaving the | | | | today´s economy, making it harder for the |
| workplace to take care of the household, not | | | | unemployed women too find new sources for |
| true, women have been leaving the work force | | | | loans. It has become a domino effect, everyone |
| due to cutbacks, lay offs and lower wages. | | | | from the common worker to the biggest of the |
| Women have on average made less than their | | | | multinational banks are hurting and there is no |
| male counter parts and due to the recession our | | | | relief in sight. |
| country is going through the number of women | | | | Women in America must now find other avenues |
| falling deep into debt has risen. | | | | to create income to simply meet their basic |
| The average American family has an estimated | | | | needs and those of their families. This |
| $8,600 worth of unpaid credit card debt, when | | | | demographic which at one time was looked at by |
| we talk about women many of whom are single | | | | lenders and banks as probably their safest bet for |
| mothers along with mortgage payments, car | | | | loans has now seen that status wiped away by |
| payments, education, medicine the average credit | | | | our very own economy. It is no longer safe to |
| card debt for an American family is too much to | | | | assume women will pay back the money lent to |
| handle. | | | | them, not because they do not want to but |
| Many have refinanced their homes, taken loans | | | | simply because they cannot. many women are |
| out on pension and retirement accounts and still | | | | now voluntarily leaving their jobs to save money |
| find themselves in the same hole they were in to | | | | on baby sitting, gasoline, work clothes because |
| begin with. Divorce, lay offs have sparked the | | | | their wages do not allow them to meet these |
| biggest amounts ever seen for women, whom | | | | demands and those of their creditors. |
| for most time were not thought of as a financial | | | | These women have now joined their husbands on |
| danger. Today more women are filing for | | | | a crusade to save money, they are learning to |
| unemployment benefits than ever before and this | | | | budget better, they grow gardens in their back |
| is due to the loss of employment and higher | | | | yards to save on groceries, hang the clothes out |
| wages. | | | | to dry as opposed to using their dryers to save |
| Jobs have been moving to other countries, leaving | | | | energy, etc... these women and their families have |
| many unskilled and uneducated workers empty | | | | come to realize it is a new time for America and |
| handed. Many are going back to school in the | | | | that everything we once took for granted is as |
| hopes that when they come back to the work | | | | precious as our very needs to stay out of debt. |
| force they can earn a better living. Meanwhile the | | | | America and their women will pull through this |
| debt continues to pile and we see more | | | | rough period in our history and will come out |
| foreclosures and broken dreams. | | | | stronger from this experience as women are now |
| Banks and lenders are losing money in unthinkable | | | | learning to do. |
| amounts these days in direct proportion to | | | | |