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Released: July 24, 2011

What to do when your spouse loses a job

Source: Sharon Epperson, CNBC.com

For many families, a job loss can put a significant financial and emotional strain on the entire household. Two-income, married couples may seem lucky when it comes to losing one income since they have a second earner to keep the family afloat when a spouse loses a job. But that second paycheck is often far less than the one that was lost. For the first time in decades unemployment has been concentrated among husbands rather than wives. A new report from the Center for American Progress found that in 2010, two-income, married couples with one spouse employed and one unemployed rose to 6.8 percent, higher than any time since 1979. The new reality: Many wives—and women more generally—are now the ones supporting families.

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