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Experts warn that the economic consequences of overturning the Roe v. Wade case are enormous.

This is an updated version of the story originally performed on May 14, 2022.

New York (CNN Business)The overthrow of Roe vs. Wade's groundbreaking ruling by the U.S. Supreme Court in 1973 is economical to the country. Theeconomist warnedof the loss.

Friday's decision to end the federal constitutional right to abortionhas worse personal and financial consequences for women. They could include financial difficulties, limited higher education, limited ability to climb socio-economic ladders, and overall poor health care for women who rely on clinics for preventative care. I have. All of this will affect the state of the workforce, economic production and increase the need for government support, economists say.

"This decision is immediate in 26 states where an abortion ban is most likely and people are already facing low wages, a weak labor force and restricted access to healthcare. It will cause financial distress, "said the Institute for Economic Policy, in a statement released Friday. "Roe's collapse will be an additional economic barrier."

The results are likely to be very widespread and widespread, making it difficult to quantify them, Texas. Jason Lind, A's professor of economics, states&M.

Financial burden

Whether she has children, and Lind told CNN Business that depriving a woman of her right to choose when to give birth would have serious consequences for her career and financial situation.

In a testimony at the Senate Banking Commission last month, Finance SecretaryJanet Yellen saidrestricting women's reproductive rights "has a huge negative impact on the economy." ..

"Roev. Wade and access to reproductive medicine, including abortion, helped increase the participation of the workforce," Yellen said. "It allowed many women to graduate from school. It increased their income potential. It allowed women to balance their family and career plans.

Last year, after Texas legislators moved to, which effectively bans miscarriage in the state,154 economists gave Amikas Briefto the Supreme Court. The United States to submit and enable women to maximize their financial and educational potential.
Data from the prominentTurnaway Studyat the University of California, San Francisco show that households are a major driver in deciding to end unwanted pregnancies. Aanalysisof data from the National Bureau of Economic Research shows that the majority of women trying to end their pregnancy near the fertility limit had incomes below the poverty line.

On the other hand, women who were denied abortion had a high poverty rate, a high unemployment rate, and a high need for government support. According to economists, this in turn affects the financial well-being and outlook of children.

"There is a vast amount of [main body] literature showing the long-term effects of the economic situation of a family in which a child grows. Achievement of education, income of adults, use of social support programs, involvement crimes, etc. The list is getting bigger and bigger, "Lind said.

Health and Safety

Economists are also worried that women's overall health care will suffer as a result of limiting or banning abortions. For many women, clinics that provide family planning services are often also a local option for preventative care, including cancer screening and pump testing. Easy access to these clinics plays an important role in their health care.

“The longer the distance to the nearest clinic, the lower the percentage of preventive care,” said David Sulsky, associate professor of economics at the University of Kansas. And that can lead to worse health results.

"If a woman of childbearing age dies, it has enormous financial implications," he added. "It's the one that society invests in and has many productive economic years in front of them."