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Purse Power: Money News for Women

There has been a lot in the news over the last week about women and money. Some of it scary, some of it exciting, but all of it interesting.

So, in case you missed any of it ladies, here's a little round up of money news just for you!

More women becoming the main breadwinners

So long June Cleaver! According to the Bureau of Labor Statistics, 25.9% of women earned more money than their husbands in 2007.

While the majority of people surveyed say they are fine with the idea, women who make more than their husband say it can be tough to juggle work/family responsibilities. Plus, it can strain a marriage if your salary becomes an issue for your husband's ego.

This is just one example of the financial stress this recession has created, straining many marriages. Don't let money ruin your marriage.

Recession hits working women harder

A new study shows the recession is taking a big toll on working mothers.

More than half of the women in this survey reported they are working longer hours. 52% have tapped into savings to make ends meet.

And it's not just lower earners who are feeling the pinch. 7 in 10 women who earn six figures say they have cut back on daily expenses.

Feeling squeezed? We have plenty of painless ways to save money on life's necessities. See how easy it is to save money on groceries, save money on insurance, save money on utility bills, and save on cable and internet.

Women finding more work than men

Men have been harder by job loss this recession. According to the Bureau of Labor statistics, the jobless rate for men is 10.3 and 7.8 for women.

2 million working women whose husbands are out of a job and looking for work.

Part of this is driven by the cutbacks in male dominated industries, such as construction, the postal service, and manufacturing.

Worth noting: women still make just 77 cents for every dollar a man makes.

First woman wins Nobel Prize for economics

OK, so this isn't straight money news, but it is news that deserves noting. 

Elinor Ostrom is the first woman to win a Nobel Prize in economics. She showed how resources-such as forests, fisheries, oil fields-can be managed successfully by the people who use them rather than by the government or private companies.

And to think, Ostrom said people discouraged her from getting a Ph.D. when she applied to graduate school!

For as far as we have come, there are still so many barriers to break. But we're on the right track...a record 5 women won Nobels this year.

Don't let anyone stop you from pursuing your dreams!  Heck, when I told Ken I was going to become a stock broker, he tried to steer me against it.  And don't let money be a factor!  Even if times are tough, there are plenty of creative ways you can pay for college.

Read More In: Family & Money

Ken and Daria Dolan have hosted their own national radio program for 22 years, anchored their own television shows on CNN, authored six books on money matters, served as money contributors on CBS This Morning and have now launched a comprehensive web site and free e-letter at Dolans.com.


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