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Benefits May 5, 2011
Working Moms Struggle with Family Time and Finances
May 5, 2011 (PLANSPONSOR.com) - Working moms report they are struggling to financially support their families and have quality time at home, according to CareerBuilder’s annual Mother’s Day survey.
Reported by Rebecca Moore
Forty-five percent of working moms who are the sole financial provider for their household earn less than $35,000, compared to 15% of working dads who are the sole breadwinner. Twenty-eight percent of these moms earn $50,000 or more compared to 63% of men. Seven percent of these moms earn six figures compared to 18% of men.
In addition to financial challenges, heavier workloads and longer hours are resulting in less quality time at home, according to a press release. One quarter (25%) of all working moms said they spend two hours or less with their children each work day, up from 17% in 2010. Twenty-four percent take work home at least once a week.
Nearly a third (31%) of all working moms said they would take a job with less pay if it meant they could spend more time with their children.
The survey was conducted from February 21 to March 10, 2011, among men and women, employed full-time, with children 18 and under living in the household. A press release said more than one-third (35%) of working moms and 44% of working dads surveyed by CareerBuilder said they are the sole financial provider for their household.