Career break mothers lose out financially even when they’re back at work
Mothers in Switzerland can lose around three per cent of their lifetime earnings for every year they spend bringing up their children and not going to work, according to a study commissioned by Pro Familia Suisse.
The study found that university-educated women stand to lose the most in financial terms. On average, they take a career break of 6.7 years after the birth of a child. This can cost them, again on average, CHF 20,000 per year on leave or CHF 470,000 over their working lifetime.
The study says that the loss of income over the long-term is mostly due to the loss of work experience. Discrimination against working mothers could also be a factor, with some employers taking the view that mothers are more likely to be away from work if, for example, their child is ill.
The study suggests that making more child care places available is one solution to allow mothers to reduce their time on a career break.