More women are household breadwinners, changing the conversation on finances

“It’s been a challenge to be the primary breadwinner in a practice that, while lucrative, has periods of inactivity … So I think, in retrospect, it was pretty gutsy for me to take this on with the income for the entire family dependent upon my business,” says Smith, who represents survivors of sexual abuse and victims in personal injury litigations.Smith’s husband chose to be a stay-at-home parent while their children were young.

Many of Porter’s female clients who are primary income earners come to her because they’ve been too busy to tackle their finances while dealing with the demands of their work and families. “[Men] are more reassured by seeing software output that shows them, at retirement, your assets are here, and then they run down like this. And it’s like, show me the big picture. And I’ll understand that I can still afford to buy groceries.”

“I was all about having an emergency fund. And just having cash there for a rainy day … whether it’s a job loss, or our cat ate dental floss and she had to have emergency surgery. Versus like, he was kind of more focused on paying down his debt.”

Source: News Formal (newsformal.com)

Interesting article.

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