Mancession: Is the Recession Killing the Male Spirit?
Bubba Atkinson | On 24, Jun 2012
Check out this list found over at The Economic Collapse Blog that says that recession has been particularly difficult for men. Now, with that being said, let’s be clear: this does NOT mean women haven’t been affected by the recession, but the list simply points to a few reason showing how men have been directly affected in these categories. See for yourself and comment below to let us know what you think:
#1 During the last recession, men lost twice as many jobs as women did.
#2 According to the Economic Policy Institute, the “real entry-level hourly wage for men who recently graduated from high school” has declined from $15.64 in 1979 to $11.68 last year.
#3 During the recent economic downturn millions of men saw their family finances get absolutely destroyed. According to the Federal Reserve, the median net worth of families in the United States declined “from $126,400 in 2007 to $77,300 in 2010“.
#4 As you can see from the chart below, in the 1950s there were times when nearly 85 percent of all working age men had a job. Sadly, that number has stayed below 65 percent since the end of the last recession….
#5 More unemployed fathers than ever are staying at home with the kids. Over the past decade the number of “stay at home dads” has doubled.
#6 Prior to the recession, women accounted for approximately 45 percent of the workforce. Now, they account for 49.4 percent of the workforce.
#7 According to one new survey, 23 percent of all small business owners in America have gone for more than a year without pay. More than half of all small business owners are men.
#8 The decline in manufacturing jobs has had a disproportionate impact on men. Back in 1940, 23.4% of all American workers had manufacturing jobs. Today, only 10.4% of all American workers have manufacturing jobs.
#9 More than half of all middle management jobs in America are now held by women.
#10 More than half of all health care jobs in America are now held by women.
#11 American men love to watch television. But because of harsh economic conditions more families than ever are eliminating cable television service. According to one survey, a whopping 6.9 million American homes cancelled cable service last year.
#12 According to the New York Times, approximately 57 percent of all Americans that are currently enrolled in college are women.
#13 According to one study, between 1969 and 2009 the median wages earned by American men between the ages of 30 and 50 dropped by 27 percent after you account for inflation.
#14 According to another study, “young, urban, childless women” make more money in America today than young, urban, childless men do.
#15 According to CNN, in the United States today men in the 25 to 34 age bracket are nearly twice as likely to live with their parents as women the same age are….
The number of adult children who live with their parents, especially young males, has soared since the economy started heading south. Among males age 25 to 34, 19% live with their parents today, a 5 percentage point increase from 2005, according to Census data released Thursday. Meanwhile, 10% of women in that age group live at home, up from 8% six years ago.”
#16 Our system often treats elderly American men like absolute trash. Just check out what happened to one elderly veteran up in Montana recently….
Warren C. Bodeker is an 89 year old World War II Army Airborne combat veteran and war hero, living in Montana, who is being thrown off of his own land and thrown out of his own house, by Montana Federal Bankruptcy Trustee, Christy Brandon, with the approval of the U.S. Bankruptcy Court in Montana. And to make matters worse, Warren’s wife Lorna just died of cancer this past year, and is buried there on their land, right next to the house. Warren had planned to live there till he died and then be buried right next to his wife, there on their property at 11 Freedom Lane, in the town of Plains, Montana, but now, not only is he being forced off his land, he is being forced to exhume his wife’s body and take her with him.”