In the News

Title

Parents Who Opt Out of Workforce Face Unexpected Costs

Document Type

Article

Publication Date

6-29-2016

Abstract

Parents who opt to take a sabbatical from their jobs and stay at home will face many hidden opportunity costs such as lost wage growth and retirement savings.

A research report conducted by the Center for American Progress, a non-profit organization based in Washington, D.C., delves into other financial ramifications of leaving the workforce in addition to a loss of income.