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[Business Insider] Parental Leave is the Greatest Benefit Workers Don’t Take

December 14, 2022 – Business Insider recently published an article featuring Jay Zagorsky, Clinical Associate Professor, discussing parents declining to take their maternity leave in its entirety.

Jay Zagorsky

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December 14, 2022

Business Insider recently published an article featuring Jay Zagorsky, Clinical Associate Professor, discussing parents declining to take their maternity leave in its entirety.

The number of U.S. workers whose employers offer parental leave is rising, but research suggests that many men and women do not take the full time they are given. Finances are a monumental factor, as are professional considerations. Without paid leave, many employees simply can’t afford to take time off work – especially at a time when their household’ expenses are rising. The U.S. is the only industrialized country that doesn’t guarantee paid parental leave. Many American mothers are caught between the proverbial rock and hard place, taking less time than allowed to protect their career and income. Studies found that the number of women taking maternity leave (paid and unpaid) between 1994 and 2015 remained relatively flat. In 2015, about 10% of fathers took time off from work after a child arrived. Zagorsky states, “It’s easy for companies to trumpet a generous policy and offer a benefit that so few workers actually take up. But the emperor has no clothes.”

Read the full article here: https://www.businessinsider.com/workers-dont-take-all-parental-leave-because-of-corporate-bias-2022-12

Jay Zagorsky is Clinical Associate Professor in Markets, Public Policy, & Law and is a cross-disciplinary researcher who has spent over two decades of researching a wide variety of personal wealth topics. He tries to explain why some people become rich, others are poor and some move between these two states. He is currently synthesizing this research into a book that presents the results of his academic research and other wealth researchers in an accessible format.

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