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budgetingBusiness Womencustomer serviceEntrepreneurPandemicSelf-ServiceWoman

She-Cession: What Is It and How to Navigate It

nancyrubinSeptember 30, 2020January 30, 2023
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This year has sent various curveballs into society. One of the biggest sparked by the pandemic that lead to tremendous downfalls in the workplace and many people’s careers. Many members were sent home from work without a specific return date. Yet oddly enough, the majority of those sent home commonly shocked the lives of women. 

Expectedly so, many companies had to shut doors and halt production to help save workers from the unknown. Yet, women seem to have been the first to go in some situations. Many are starting to label this recession as a she-cession — pointing out the overwhelmingly negative effects on working females. Not to mention, 47 percent of jobs held by women are within the three industries hit hardest by COVID-19; hospitality, education, and health services. 

Not only does this take your career for an unexpected detour, but it also hinders your budget. For instance, making rent or paying for groceries becomes harder than normal when you don’t have your monthly income to fall back on. To add to the cake, many industries had to shut down operations for a short period of time to stop the spread. Many of those industries were ones that people could benefit from after losing their jobs; the service, hospitality, and educational services.  

Check out the infographic below for more insight about the she-cession and tips to navigating this change. 

How to Navigate the She-Cession

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Tagged budgeting, entrepreneur, entrepreneurial women, Healthcare, rent, Women, women-owned business

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