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.
"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.
"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.
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."