"Single mothers fare worse economically in the United States than in most other industrialized countries because the United States is less generous with respect to anti-poverty programs and because of the lack of high-quality and affordable child care. Policies designed to reduce the women’s wealth gap must address the additional barriers that prevent single parents from gaining access to the wealth escalator.

The cost of child care is one of the largest obstacles limiting the ability of single parents to make ends meet. It reduces their already limited disposable income and jeopardizes their ability to engage in saving or investment. Low-income single parents face the greatest difficulties obtaining affordable quality child care. The National Women’s Law Center reports that in 2001, 40% of poor, single, working mothers paid at least half of their income for child care and another 25% paid between 40% and 50% of their income on child care expenses."
Mariko Lin Chang, Shortchanged: Why Women Have Less Wealth and What Can Be Done About It

Notes

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