An Economist Weighs In On Being A Woman

HerMoney with Jean Chatzky

A recent essay in the Wall Street Journal made the case that women are both happier — but also overall but sadder — in our daily lives than men are. Why? We’re juggling countless competing priorities on our never-ending to-do lists, including managing our jobs, wrangling our kids' schedules, and keeping up with everything at home.

Betsey Stevenson, economist and professor at the University of Michigan, has conducted groundbreaking research in this field. She joins us to talk about why women’s happiness has been on the decline since the 1970s — despite so many great strides for women’s equality since then. And while we have her, we also do a mini-economic check-in for 2024. What’s really going on in America’s economy right now?

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Takeaways:

• Women's happiness has been declining despite progress in women's equality.
• Women constantly make trade-offs and face challenges in balancing multiple responsibilities.
• Income is correlated with life satisfaction but not necessarily day-to-day happiness.
• Women should prioritize mental health and well-being to improve life satisfaction.
• Men also face their own crisis in a changing economy.
• The economy is experiencing unexpected trends, such as low unemployment and higher inflation.

Chapters:

00:00:00 - Introduction and News Update

00:04:39 - Interview with Betsy Stevenson Begins

00:09:22 - Discussion on Women's Happiness and Economics

00:13:31 - Exploring Day-to-Day Happiness vs. Life Satisfaction

00:19:37 - Income, Well-being, and Gender Roles

00:27:32 - Economic Trends and the Role of Men and Women

00:34:48 - Current Economic Conditions and Future Outlook

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The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.

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