At Extreme Investor Network, we are dedicated to providing unique and valuable insights into personal finance topics that may not be covered by other financial websites. One such important issue that we believe should be on everyone’s radar as we head into the upcoming election is abortion access in the United States.
Abortion is not only a political or healthcare issue but also a personal finance issue, according to Diana Greene Foster, a demographer who conducted The Turnaway Study. This landmark research study tracked 1,000 women over a five-year period and focused on the socioeconomic outcomes for Americans who were “turned away” from abortion, highlighting the financial impacts of limited access to abortion.
The findings of the study revealed that low-income individuals are disproportionately affected by restrictions on abortion access. Despite the availability of contraceptives, some people still have unintended pregnancies due to various factors. This not only affects their health but also has significant financial implications.
Foster’s research showed that individuals who were denied abortions were more likely to live below the federal poverty line and struggle to meet basic living needs like food, housing, and transportation. These individuals also experienced higher levels of debt, evictions, and financial instability compared to those who received an abortion.
With recent changes in abortion laws and the potential end of Roe v. Wade, the economic consequences for individuals seeking abortion may be even greater. Travel expenses, time off work, and the overall cost of obtaining an abortion could increase significantly, especially for those living in states with restrictive abortion laws.
While some individuals may opt for online abortion pills as a more affordable alternative, there are still barriers such as access to the internet, knowledge of how to order the pills, and potential need for follow-up medical care.
At Extreme Investor Network, we believe in providing comprehensive and insightful information on personal finance issues that may impact individuals’ lives. Stay informed and empowered to make sound financial decisions, even on topics as nuanced and crucial as abortion access in the United States.