A recent report by ‘Ellevest’, an expert technology firm in financial matters for women, revealed that the economic situation of this sector of the population is currently experiencing the worst period of the last five years and will have a direct impact on their return to the workplace.
Sallie Krawcheck, director of the company, explained the monetary deficit is due to a combination of factors in which inflation, the stock market depressed and fears about a possible recession. According to ‘Ellevest’, this scenario affects all genders, but in particular women, due to existing inequalities, including salary and wealth gaps.
Krawcheck indicated that women are paid less than men in similar positions, so when consuming various products in their day to day, with the inflationary phenomenon, it will hurt them to pay what is consumed under said reference, since the money obtained for the same responsibilities is not the same.
The study added that women continue to do most of the of unpaid work, that is, domestic work, as well as childcare and the care of the elderly. Under this scenario, women must return to their face-to-face jobs this fall, after the covid pandemic has passed.
‘Ellevest’ indicated that many female workers will have to assume various expenses, such as acquiring new clothes of clothing, accessories, in many cases, they must allocate resources to child care, the cost of dry cleaning, that is, they must cover the so-called “pink tax”.
“All this costs us more than it men spend at the same time we are battling inflation, it affects us more than it does them,” said Sallie Krawcheck in her analysis. The expert also added that the return to the offices also implies a cost in time, since the woman takes longer to be ready.
According to ‘Psypost’, the time it takes a woman to prepare can be at least 15 minutes when doing her hair and makeup daily, for which, when added to this time, will represent a full working week over the course of a year, something that is lost sight of by many.
In addition to the above expenses, going back to work involves buying food, drinks , pay for transportation or gasoline, issues that were not necessary while in confinement and that, perhaps, in the past was not a problem because there was no great inflation.
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