Women Continue To Struggle During Economic Recovery In California, Report Finds
Originally published March 19, 2013 at 10:38 a.m., updated March 19, 2013 at 3:51 p.m.
Candace Bahr, Financial Expert, Founder of Women's Institute for Financial Education
Ginita Wall, Financial Expert, Founder of Women's Institute for Financial Education
A new report from the California Budget Project and the Women's Foundation of California finds Californian women have not benefitted equally from the state's recovery.
The report, "A Fair Chance: Why California Should Invest in Economic Opportunity for Women and Their Families," found that employment among Californian women has declined in the past two years, but has increased among men. It also found the last five years of budget cuts has weakened services and support for women and families.
Two San Diego financial planners say women remain in the background when it comes to understanding family finances and making decisions about investments.
Candance Bahr and Ginita Wall founded the Women's Institute for Financial Education, or Wife, 25 years ago to promote their motto: a man is not a financial plan.
Bahr said while the California Budget Project report is true over the short time period it examined, men's economic downturn went further than women's. She said 78 percent of jobs lost were lost by men.
Wall said they started their organization to educate women on finances.
"They were bringing home the bacon, but they didn't know how to fry it up in the pan," she said.
Wife also holds workshops every other Saturday to educate women about divorce and their finances.
Claire Trageser contributed to this report. In the interest of full disclosure, Bahr and Wall are being recognized by KPBS and Union Bank as 2013 Women’s History Month Local Heroes.