David Lerner Associates News

Single Working Women in America

Core Facts


Monday, August 5, 2019

If you are a single working woman, this week is all about you. It’s a celebration of the courage and creativity of single women in the workplace. 

According to the Bureau of Labor Statistics, there are 74.6 million women in the labor force, [1] and just over half of them (54 percent) are single. [2] That’s a lot of single working women making a major contribution to the economy every day.

working women statistics usa bls

Many young adults are choosing to stay single longer. Only half of Americans ages 18 and older were married in 2017, a drop of 8 percent since 1990. [3] Single motherhood has grown so common in America that today 80 percent of single-parent families are headed by single mothers. One out of every five children in America lives with a single mom – a 300 percent increase since 1960.

One of the factors making it more attractive for single women to work are the changes in corporate policy, such as extended maternity leave and return-to-work programs.

Even though being single may now be a common choice, single working women still face a lot of criticism and questions, both in and outside of their workplaces. The stereotypes still exist, and colleagues, friends, and family often ask questions about this choice.

Women are also making strides as entrepreneurs. 12.3 million businesses, accounting for $1.4 trillion in receipts are owned by women. [4] Compare that to 1972, when there were only 402,000 women-owned businesses, representing 4.6 percent of all firms. Today 4 out of every 10 businesses in the U.S. are women owned.

Spend this week celebrating your status as a single working woman, and support the other single women you know who show up to work every day.

 IMPORTANT DISCLOSURES

Material contained in this article is provided for information purposes only and is not intended to be used in connection with the evaluation of any investments offered by David Lerner Associates, Inc. This material does not constitute an offer or recommendation to buy or sell securities and should not be considered in connection with the purchase or sale of securities.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. 

Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable-- we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

David Lerner Associates does not provide tax or legal advice. The information presented here is not specific to any individual's personal circumstances. Member FINRA & SIPC

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About

Founded in 1976, David Lerner Associates is a privately-held broker/dealer with headquarters in Syosset, New York and branch offices in Westport, CT; Boca Raton, FL; Teaneck and Princeton, NJ; and White Plains, NY. For more information contact David Lerner Associates Call 516-921-4200 Visit our website: www.davidlerner.com

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Contact

Jake Mendlinger
Account Manager
Zimmerman/Edelson
516.829.8374 X 232
jmendlinger@zimmed.com

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