The Recession Has Hit Women the Hardest; Here’s How to Recover

Women already face more employment-related challenges than men, but the recession has brought additional worries. What does the recession mean for a woman’s ability to help support her household? Here, we’ll look at what’s happening in the current economy and a few ways women can start earning income from home.

How Are Women Faring During the Recession?

Many wives may be at a loss as to how they can contribute financially to the household. After all, more women than men have lost their civilian jobs during the recession, notes NPR. Plus, PayScale confirms that for every one dollar a man makes, a woman makes about 81 cents. Even as a military spouse, financial security is a concern.

Although there are many benefits available to senior veterans, active duty families may find fewer assistance options. At the same time, having children and maintaining a two-plus-person household might require more than your spouse’s income. Fortunately, there are many ways for spouses to become work-at-home wives and moms.

Job Solution 1: Go Freelance & DIY a Career

Whether you had an established career that the recession nixed or you’ve been a stay-at-home mom, leaning on your strengths in the freelance field is an excellent move. Think about the work-related skills you possess—like great organizational abilities or fast typing speed—and choose a freelance gig to suit. You can work part-time or even go full-time, all from home.

For example, many women become personal assistants in virtual roles. If you have past clerical experience (or you can build such skills quickly), working from home as office support is ideal.

Another option is to become a blogger or freelance writer. Blogging affords you a ton of flexibility, but it also involves some up-front costs and can take a while to become lucrative. Freelance writing, however, involves showcasing your writing abilities and pitching to clients. Depending on your experience, you can set your writing rates at a relatively high hourly rate, too.

Whatever your area of expertise, choosing a freelance gig ensures ultimate flexibility and allows you to work no matter where you and your family are stationed.

Job Solution 2: Find a Remote Employee Gig

Since remote work is ideal for military spouses who may be facing a move mid-recession, a telecommuting role is essential. As CNBC explains, many big-name corporations hire remote workers from all over the globe. Companies such as Appen, VIPKid, Williams-Sonoma, Humana, and Dell all routinely hire workers for telecommuting positions.

If you have experience in a specific industry, such as language teaching (VIPKid) or healthcare (Humana), you have even better odds of netting one of these versatile roles. Regardless of the industry or job type, you’ll need reliable Wi-Fi, a decent computer and a way to protect your devices. Plus, some industries require additional equipment or software.  

The good news is that with many corporations, you can work full-time hours and even receive benefits. You can avoid dealing with self-employment tax by accepting a formal job offer as well, while freelancing requires you to handle accounting on your own.

Job Solution 3: Turn a Hobby into Paid Work

Odds are, as a woman with a career, family, or both, you have at least a few passions outside of work and childrearing. Think about your hobbies, and you will likely find there’s something you already do that you can monetize.

For example:

  • If you enjoy crocheting, you can crochet items to sell through an online handmade-product platform like Etsy.
  • As someone who enjoys baking or cooking, you can prep meals or baked goods and sell them. Think about busy families who need heat-and-eat meals or neighbors who enjoy sweet treats.
  • For hobby photographers, taking photographs and selling prints online (or pitching to a site that buys and sells photos) can prove both lucrative and enjoyable.

Of course, if you don’t yet have a hobby that can help pay the bills, it’s not too late to learn.

Worrying about finances—or the future of your career—is no fun. Especially during a recession, navigating your way around working from home can be complicated. Fortunately, there are countless opportunities for women who are willing to put in the effort.

This entry was posted in Guest authors, Women Vets and tagged , , , , , , , , , , . Bookmark the permalink.

2 Responses to The Recession Has Hit Women the Hardest; Here’s How to Recover

  1. Kiedove says:

    All good tips. This might be a good time for spouses to look into educational benefits, some of which are available for spouses and dependents under restricted circumstances. The GI Bill and the Forever GI Bill are worth looking into for online or local programs.
    Women are unpaid domestic workers, who should be allowed to contribute to Social Security, as self-employed workers, to get enough credits for Medicare and SS. It should be based on average nanny salaries, at the very least. However, the “first wave” feminists never fought for this because they wanted women to get out of the house and into offices. Then, because the economy was based on one paycheck before, prices started to rise. Elizabeth Warren wrote about this in her 2004 book, The Two-Income Trap: Why Middle-Class Parents are Going Broke.

    If a spouse begins a home business, she should register it and declare any net income so her SS check will be better when she is old. If she is counting on her husband’s SS, she must stay married for over ten years. Many a woman has worked while her husband went to law school, only to find herself divorced and replaced before the magic ten year mark. He goes on to make a large salary and she is abandoned, perhaps with children. This should be reformed.
    So I like your ideas of “side gigs; ” and also no-debt education. Some state colleges have dropped tuition recently. NYU Medical School has dropped tuition as have others. States may have free workforce programs. Covid-19 is allowing some people to get off the rat race for a bit and re-think their futures. There are lots of quality free “open” courses for almost any subject matter. Lots of opportunities right now.

  2. asknod says:

    Thank you Kelli for this article.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.