Single Mothers on a Budget

SINGLE MOTHERS on a budget 1440 86400 MINUTES seconDS in a day in a day For a single mother, THERE's never enoUGH TIme. SınGLe MOTHERS: An UnmovaBLE FOrce Contrary to popular belief, most single mothers are not only employed, they also work multiple jobs. Single mothers have: the highest rate of unemployment, yet they have the lowest rate of pay. 71% Women make up nearly half (47%) of the U.S. Labor Force today. In 1970, women only made up 38%. of all mothers are in the workforce 1970 NOW FindinG Time as a SinGLe MOTHER A Single Mother's Time Is Precious 41% of single working mothers say they always feel rushed vs. the national average of 23%. FindinG TIme TO BREATHE Build your own support system by enlisting the help of family and friends. Try and give yourself one night off a week. Search the Internet for quick meal tips to help make the most As a single parent, you're in charge of taking care of life's everyday activities. Therefore, finding "me" time can be hard. of your free time. A Day IN THe LIFE OF a SınGLe ParenT'S WaLLeT Adding It All Up 20% . MALE Did you know that more than 80 percent of all 80% single parents are FemaLe? FEMALE $24,000 a year SINGLE The average household income for a single parent is $24,000 a year, while the national median household income is $53,046. PARENTS $53,046 a year AVERAGE HOUSEHOLD A Single Parent's Budget Breakdown Although the cost of raising a child is rising, single parent incomes remain the same. 8% OMisc Over 18%. Child care and education $240,000 • 30% Housing The cost for raising a child from birth to age 18. 16% Food 8% 6% Clothing Health care 14% Transportation Looking at the Costs of Child Care Children of working mothers spend an $21,948 average of 35 HOURS a week in child care. The District of Columbia $4,863 Mississippi Full-time infant care can cost anywhere between $4,863.00 in Mississippi to $21,948.00 in the District of Columbia. A League of Their Own Did you know that the U.S., Swaziland, Lesotho, and Papua New Guinea are the only countries that do not mandate any paid leave for new mothers? 20.4% 12.7% 32% Nothing Only 24% of single parent households that are headed by women receive child support; 32% receive nothing. Single mothers average National $24% Child support POVERTY RATE CREDIT STATS anD HeLp WITH DeBt Finding Time for What Really Matters Did you know the average American owns at least three credit cards? $15,000 The average American household has an CARD DEBT average credit card debt of over $15,000. SınGLE moms are aLwaYS on THE GO. As such, it can be hard to keep track of the family finances. Falling behind on bills can be easy, and sometimes fixing the problem takes a little more time and effort than one can afford. Being a mother is a full-time job. Being a single mother is like having two full-time jobs. An infographic by http://www.creditguard.org CREDITGUNRD SOURCES: https://www.legalmomentum.org/sites/default/files/reports/worst-off-single-parent.pdf http://www.hiddenchoices.org/2013/08/04/single-parent-statistics-single-mom/ http://www.pewsocialtrends.org/2013/05/29/breadwinner-moms/ https://www.legalmomentum.org/sites/default/files/reports/single-mothers-snapshot_0.pdf http://www.debt.org/faqs/americans-in-debt/ http://www.pewresearch.org/fact-tank/2013/12/12/among-38-nations-u-s-is-the-holdout-when-it-comes-to- offering-paid-parental-leave/ http://thinkprogress.org/economy/2013/03/18/1722171/why-single-mothers-are-in-economic-crisis-and- what-can-be-done-about-it/# http://www.pewsocialtrends.org/2006/02/28/whos-feeling-rushed/ http://www.usda.gov/wps/portal/usda/usdahome?contentid=2013/08/0160.xml http://usa.childcareaware.org/sites/default/files/cost_of_care_2013_103113_0.pdf http://www.naccrra.org/sites/default/files/default_site_pages/2012/full2012cca_state_factsheetbook.pdf http://www.coabode.org/factsheet.php http://www.naccrra.org/sites/default/files/default_site_pages/2012/ccgb_mothers_workforce_jan2012.pdf