More Moms Than Ever Earn More Than Dad
Wednesday, May 29, 2013
A new Pew study found that a record 40 percent of households with children are relying on mom to be the breadwinner. That's up from 11 percent in 1960. The study says the change is being driven by more women in the workplace.
One of those mothers, Mary Reilly, said her husband Tom's flexible schedule as a writer and teacher allowed her to focus on her job as a lawyer. "He took on teaching for a number of years when the kids were in school, which allowed me to go back to a very demanding private practice law firm,"she said.
Though Tom Reilly caught some flak for the arrangement, he said it didn't bother him. He said when friends asked, "'When's Mary going to stay home with the kids?'" he thought to himself, " 'Never. She makes five times the money I make. She's not staying home.'"
About a third of the women cited in the study are married and earning more than their husbands. Two-thirds are single mothers.