A new research study from Prudential Financial reveals that women are now taking the lead in more and more households these days. The study surveyed 1,400 women and found that 53% of them were the primary bread winners in their households. Part of the reason for this trend is that 40% of all women are either divorced or support themselves. But at the same time, 22% of married women earned more money than their husbands.
Asian American women were the leaders in out-earning their husbands, with 33% of them bringing home the bacon. African American women were second at 31%, with white women coming in at 19%. Most of the women say that they are earning more than their husbands because of a “challenging economy.”
The increased difference in earning potential is also translating into a peculiar power shift in many relationships. More and more women are now keeping their finances separated from their mates, and women who earn more than their husbands were the ones most likely to do so. Roughly 27% of all women who earn more than their partners were likely to keep their finances separate, while only 15% of other women did the same thing.
This dynamic is consistent with changing demographics for the entire workforce. For the first time ever, women outnumber men in the workplace, and this trend seems to be playing itself out in numerous ways inside the household.