Are you over the age of 27? Highly educated? And unmarried? In China, you may be known as the “leftover woman.”
According to Leta Hong Fincher, author of “Leftover Women: The Resurgence of Gender Inequality in China,” a government-led media campaign that pressures women into early marriages has severe economic consequences. Marriage and home buying are closely linked together in China. Fearing that they will be “leftover,” many women have rushed into unsuitable marriages made on the condition that they leave their names off the property deeds.
After interviewing hundreds of women, Fincher found that only about 30 percent of the married women have their names on the marital property deeds. In accordance with the country’s marriage law, when a couple divorces, each side keeps what is in his or her own name. Consequently, in big cities where a third of marriages end in divorce, many women have been shut out of “possibly the biggest accumulation of residential real-estate wealth in history,” worth more than $30 trillion in 2013.
Read more via The Economist.