51: The Motherhood Tax

Is motherhood the biggest financial risk you'll ever take? There are many invisible costs that come with being a mom, but the motherhood penalty is one you shouldn't ignore. Let's discuss this and more in this week's episode of Money Feels!

We're your hosts, Alyssa and Bridget. Welcome to the podcast, where we talk through our money trauma and create a better understanding of building a healthy relationship with finance.

In today's episode, we discuss the following?

• What is the motherhood tax/motherhood penalty?
• How does it impact women?
• Your career progression, salary and long-term wealth
• Hiring biases in mothers versus fathers or child-free folks
• What is the comparison to fathers?
• What policies, like equal paid parental leave, have shown to be effective in reducing the impact of the motherhood tax?
• How can governments and organizations implement these policies?
• Our society needs mothers

Resources:

• The Feminine Mystique
• Paying the Motherhood Tax
• The Gender Pay Gap is not on Moms
• UBC 'Daddy Bonus'
• Women and Poverty in Canada
• The Baby Decision: How to Make The Most Important Choice of Your Life

Thanks for listening to our first episode of a new season! If you want bonus episodes and more, you can join our Patreon! Until then, follow us on Instagram @mixedupmoney, @bridgiecasey and @moneyfeelspodcast, and we’ll see you next time!