The popular perception is that women are soaring. Much is made of the “fact” that more than 40 percent of American women are their family’s breadwinner. In her recent Time magazine cover piece (adapted from her new book, The Richer Sex), for example, journalist Liza Mundy cites 2009 Bureau of Labor Statistics data saying that one in four women outearn their spouses. This claim was picked up by scores of media outlets.
But look a bit more closely at the numbers, and the picture doesn’t seem so rosy for women. Which women are advancing? And which men are backsliding? The answers are important if you are going to talk about who’s getting “rich.”
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