The gender gap on the economy
by digby
What could possibly explain this? I can’t imagine.
A remarkable gender gap has opened up in Americans’ views of their own finances and the broader national economy.
Men feel better about the economy than they have in over a decade. Women are far more skeptical. And the sharp divide has emerged since President Trump was elected two years ago.
Nearly half of men — 47 percent — said their family’s finances had improved in the past year, according to a survey conducted for The New York Times in early October by the online research platform SurveyMonkey. Just 30 percent of women said the same, despite an unemployment rate that is near a five-decade low and economic growth that is on track for its best year since before the recession.
Asked how they expected the American economy to fare over the next five years, nearly two-thirds of men said they anticipated “continuous good times economically.” Women were more likely to expect “periods of widespread unemployment or depression.” The gaps remain even between men and women who are similar in age, race, education and income.
It isn’t clear how men’s and women’s diverging views of the economy will affect next month’s elections. There has historically been at most a loose connection between the state of the economy and midterm election results, and Mr. Trump’s signature economic policies poll poorly with swing voters. What is clear is that the gender divide — transcending party lines and voting preferences — is a striking departure from the past.
Polls by the Pew Research Center going back to the mid-2000s showed almost no gender gap on economic questions until Mr. Trump took office; since then, men have become significantly more confident, while women’s confidence has stalled.
The gender gap in pay has narrowed since 1980, but it has remained relatively stable over the past 15 years or so. In 2017, women earned 82% of what men earned, according to a Pew Research Center analysis of median hourly earnings of both full- and part-time workers in the United States. Based on this estimate, it would take an extra 47 days of work for women to earn what men did in 2017.
By comparison, the Census Bureau found that full-time, year-round working women earned 80% of what their male counterparts earned in 2016.
Also:
And maybe most men just like Trump’s bullying attitude and want to excuse that by giving him credit for the growth in an economy he has nothing to do with.
And maybe most women just know that something is very, very wrong.
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