Sunday 25 January 2009

Women targeted by employers during recession

New government figures reveal that women are twice as likely to lose their jobs as men during the downturn.

Thankfully, at a national level women ministers are on the case. On a personal level there has never been a more important time for women to shore up their financial defences.

Sheconomics has lots of sound advice on this front. Here are just three tips:
• Build up an emergency cushion to cover 3-6 months expenses then you won’t have to go into debt if you lose your job
• Boost your portfolio of skills and training now so you’re able to compete in the job market
• If the worst happens, negotiate payment breaks with lenders until you’re back on your feet.

It's a tough time ahead for women but the most Sheconomic ones will be the winners in the end!


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