1204: The Case for Equal Parenting and How it Can Support Financial Equity

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 26 May 2021

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

In my latest installment of my monthly NextAdvisor column “Closing the Gap,” I cover the financial inequities divorced moms face after marriage. According to the U.S. Census Bureau, as of 2018, moms lead 80% of single-parent households as primary custodians—and often bear the brunt of financial obligations. But if we believe that time is the great equaliser and that equality - particularly financial equality - between men and women is critical, then a move towards equal parenting time following a divorce could support that. There are, of course, cases where either partner isn't fit to spend time with the kids or there is a history of abuse or addiction. Every family situation is individual and there is no one-size-fits-all solution. But my guest, Emma Johnson, founder of Wealthy Single Mommy and a divorced mother of two children, is a vocal champion for the assumption of 50/50 parenting, making appearances in the media and state capitols to share her evidence that joint custody can help support financial equality between parents. This episode shares her perspective. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So, money episode 1204, how joint custody can support financial equality with Emma Johnson,
0:07.0	founder of wealthy single mommy.
0:10.0	You're listening to So Money, with award-winning money guru Farneesh Karabi.
0:15.0	Each day, in a 30-minute dose of financial inspiration from the world's top business minds,
0:20.0	authors, influencers and from Farneesh herself.
0:24.0	Looking for ways to save on gas or double your double coupons?
0:28.0	Sorry, you're in the wrong place, seeking profound ways to live a richer, happier life.
0:33.0	Welcome to So Money.
0:36.0	This is the most sexist, like, debilitating situation ever,
0:41.0	multiply that times tens of millions of women in the United States and hundreds of millions of women in the world.
0:46.0	This is just total bull.
0:48.0	Welcome to So Money, everybody. I'm your host Farneesh Karabi.
0:51.0	Apologies, I accidentally aired Monday's episode on Saturday.
0:56.0	So, if you're around this weekend, you got an early release of Monday's episode,
1:01.0	a chance to catch up with the week, I guess. That was unintentional, but it was just human error.
1:06.0	Hope you enjoyed that episode. It is with Emily Rapp Black.
1:10.0	She is a novelist and an academic, a scholar, also an amputee.
1:15.0	Our conversation really centered around her life as someone who has had a prosthetic leg since the age of six,
1:22.0	and how that has really shaped her life, and informed her career and advocacy for people with disabilities.
1:29.0	So, you've been waiting for today's episode, normally you wait a couple days, you've been waiting a number of days.
1:35.0	We're in conversation with my friend Emma Johnson, who's been on the podcast before,
1:39.0	a couple times talking about financial issues pertaining to single mothers and divorced mothers.
	...

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