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Tag Archives: women

In NYC and China, developers are building smaller apartments.

I’ve just started to count the people I know who live alone. School friends, relatives, neighbors. Some are in their twenties and early thirties, unmarried. Others are divorced. Several are widowed.

31 million of us live alone. Almost one-third of all households in the U.S. are composed of one person. Five million adults, younger than 35, live alone.

In 1950, living alone was the exception. Not any more. Why?

Maybe because of affluence, feminism, and technology. An increasingly affluent society has increased our life spans. With one spouse outliving the other, a woman (more typically) or a man is left to live alone. Women working outside the home have less dependence on a spouse. Women can marry later (age 26.5 average) and leave a marriage more easily. Fifty percent of all mariages will probably end in divorce.

And with pets becoming family members and the proliferation of social media, are we really alone when living solo?

The bottom line? Ups, downs, and long term economic trends have touched the very essence of how we live. When the economy dipped, more college grads moved in with their parents. More people postponed marriage. More postponed divorce.  On the other hand, with the upward trajectory of the economy between 1940 and 2000, we became more of a live alone society.

This New Yorker article started me thinking about living alone and is the source of my statistics. In “The Boomerang Generation,” you might look at research from Pew for insight about multigenerational living and here is the census data that confirms the increase in single person households. Finally, for more about the impact of economic growth on our lives, I always love to return to Pursuing Happiness by Stanley Lebergott.

An interesting single household fact: In 2000, Utah had the fewest single person households and Washington D.C the most.

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In one wonderful 9 minute TED talk, Swedish professor Hans Rosling connects the washing machine to empowering women, educating children and diminishing world poverty.

The Economic Lesson

When women are empowered, not only is the gender gap diminished but also the health and education of the household increases. 

In a Teaching Company lecture, about women and the global economy (lecture #31), Professor Timothy Taylor starts with explaining the world’s missing 100 million women; then he focuses on the importance of women being educated, of women having political power, and of women controlling household income.  

You might also want to look at a brief IMF paper called “Smart Economics,” in which the authors conclude that “…giving women more access to education, to markets (labor, land, credit) and to new technology, and giving them greater control over household resources often translates into greater well-being for themselves and their families.”

And finally, if you want lots of data, I recommend this 334 page, 2010 World Economic Forum Global Gender Gap Report. Ranking the gender gap for 134 nations, the report has Iceland with the smallest gap, the U.S. at #19, and Yemen last, at #134.

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Stocks, investments, Wall Street…these names evoke images of men. Until after our recent class trip to the NYSE and Wall Street, I didn’t realize how true these images are.

Standing in the stock exchange, I look down onto the floor and literally see two women. Two! As a student in an all-girls school this is very shocking. I have never been anywhere that has so few women. What does it take to get on the floor and why are more men getting there?

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