The US Treasury Secretary, Janet Yellen, believes that going back on the right to abortion would be an economic disaster for the country which would notably increase the poverty rate.
A reversal of the right to abortion in the United States would have “very harmful consequences on the economy”, preventing women from continuing their studies and earning a decent living, increasing their chances of falling into poverty, warned Tuesday US Treasury Secretary Janet Yellen.
“I believe that taking away women’s right to decide when and if they want to have children would have very harmful effects on the economy and would set back (the condition of) women by several decades”, declared the Minister of Economy and Finance of Joe Biden, during a hearing in the Senate.
She notes that “denying women access to abortion increases their chances of living in poverty or needing public assistance.”
Removing this right would be a “disaster”
“Eliminating a right that has existed for half a century, especially for low-income and minority women, who have already borne much of the burden of the Covid pandemic, would be a disaster,” she warned.
The “Roe vs. Wade” decision of the American Supreme Court, taken in 1973 and which founded the right to abortion in the United States, “contributed to increasing participation in the labor market”, recalled Janet Yellen.
It “has allowed many women to complete their education, which increases their opportunities to earn money. It has allowed women to plan and balance their families. And careers,” she continued. .
In addition, added the minister, “research also shows that it has a favorable impact on the well-being (…) of children”.
Last week, the American site Politico published a draft Supreme Court judgment which, if adopted as is, will set the United States back 50 years, when each state was free to ban or allow abortions.
This information caused a stir in public opinion and on the side of the Democrats. Demonstrations took place in particular in Washington and New York to defend the right to abortion.