Stay-at-Home Moms Rise in Reversal of Modern Family Trend – Bloomberg 04-08-14

Salient to Investors:

The Pew Research Center said the share of mothers with children under age 18 who do not work away from home rose to 29 percent in 2012, versus the modern-era low of 23 percent in 1999, which ended the decline in most years from 1970 to 1999. D’Vera Cohn at Pew said the majority of mothers would like to be in the workplace.

Just 22 percent of stay-at-home moms with working husbands had family incomes of $100,000 or more in 2012.

A third of stay-at-home mothers are at the poverty level versus 12 percent of working mothers, while 6 percent say they are at home because they cannot find work.

Asian and Hispanic children were the most likely to be raised by stay-at-home mothers in 2012 – 37 percent and 36 percent resp., versus 26 percent of white children and 23 percent of black children.

A quarter of stay-at-home moms have college degrees versus 7 percent in 1970.

28 percent of children in 2012 were being raised by a stay-at-home mother versus 24 percent in 2000 and 48 percent in 1970.

American Time Use Survey said stay-at-home mothers spend an average of 18 hours per week caring for children, 7 more than working mothers. 

Read the full article at http://www.bloomberg.com/news/2014-04-08/stay-at-home-moms-rise-in-reversal-of-modern-family-trend.html

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