Posted August 11, 2018 02:29:24When you’re single and have little or no money, your health care costs can often be the only things you pay.
The National Women’s Law Center found that while the average single mother with children earns $5,000 a year in federal taxes, her children have a combined $21,000 in healthcare costs.
That’s a hefty chunk of change for a single mother who might otherwise be able to make ends meet on a meager wage.
“In addition to the cost of health insurance, children also pay for childcare, which costs nearly $6,000 annually for a family of four,” according to the National Women, an advocacy group for single mothers.
“Single mothers with children also rely on Medicaid to supplement their incomes, and that can add up quickly when you add in their health insurance costs.”
As a single parent, your family is likely already at a deficit, according to Sara Lauer, director of women’s and gender studies at the Center for American Progress.
That means your financial situation can become even worse.
“When you have a family that is already facing serious financial hardship, there’s a very real chance that you’re going to have to make decisions that could hurt your family financially,” Lauer told CNNMoney.
“If you don’t have insurance, it’s not just going to hurt your health.
You could also have other financial issues, which means you’re potentially getting a lot more than you’re entitled to.”
The National Women report estimates that while single mothers are eligible for Medicaid, they often don’t qualify for it because of their ability to pay.
This is because women who work full time earn less than men who earn the same amount but choose to stay home with the children, according the report.
“We think that single mothers face a different set of challenges than single fathers because they have a higher level of economic dependency,” Lauers said.
“And when they are working part-time, their income is lower, so they are not able to qualify for Medicaid or the tax credits for the ACA.”
The Center for Economic and Policy Research, which commissioned the report, found that single women are underrepresented in the workforce and that a majority of them earn less, often less than $10,000 per year, on average.
This means they don’t get the tax benefits of the ACA, including the tax cuts and child tax credits.
“These are the women who are the ones who are being hurt the most by the ACA and the lack of access to these benefits,” said Elizabeth Stoker, a policy analyst at the center.
“The tax credits that are available to single mothers can help them pay for health insurance that’s not available to their male counterparts.”
The study estimates that women who choose not to have children are about $3,500 worse off financially.
While this number is not statistically significant, it is an indication of how financially insecure the single parent population is, according Stoker.
While the study doesn’t provide a precise number, the report suggests that single moms who choose to delay having children are likely to experience more financial hardships than single dads who have a child, and it indicates that single parents with children are more likely to have health insurance than other single parents.
The report also found that about 20 percent of women who do not have children have been enrolled in Medicaid, the federal government’s healthcare program for low-income Americans.
The lack of child care, along with other childcare expenses, may cost women more than $6.3 billion in federal tax credits and other benefits, the study said.
That number is the same as what the federal Department of Health and Human Services estimated in 2017, and the estimated number of single mothers in poverty rose slightly in 2020 from a year earlier.
“This is not a matter of people who have no children being worse off, it appears that they are worse off,” Stoker said.
The study also found the financial hardship experienced by single parents who do have children is even greater than the financial stress faced by single mothers who don’t.
The National Woman estimated that single men and women make up about 50 percent of the US population, but have about three times the wealth and median annual income as single women.
Single mothers in particular have a financial burden that’s disproportionately concentrated in their own families, according a 2015 study published in the American Sociological Review.
The study found that, among single mothers with at least one child, about one-quarter reported that their families have financial problems.
“I’m not a single woman.
I’m married, and my husband is a college professor.
I can’t even go to a grocery store without being confronted with a stack of bills,” said Marissa Meehan, an assistant professor of psychology at Michigan State University.”
My husband and I both work full-time.
We have the best job in the world, but our income isn’t enough to live on.
I cannot afford to buy