Abortion and finances: The economic consequences of overturning Roe v. Wade

The repercussions of denying someone an abortion goes beyond just health. It can also lead to harmful financial outcomes for the individual.

On Friday, the Supreme Court voted to overturn Roe v. Wade, the landmark 1973 ruling which recognized abortion as a safe and legal procedure within the U.S.

Women who were denied a wanted abortion had almost four times greater odds of being below the Federal Poverty Level, according to the Turnaway Study, led by Dr. Diana Greene Foster, director of research at at ANSIRH (Advancing New Standards in Reproductive Health).

Women also had three times greater odds of being unemployed after being denied an abortion than women who obtained one. They were also more likely to have trouble paying for basic living needs and more likely to use public assistance, according to Dr. Foster, who followed the people in the study for five years.

“The difference in economic well-being lasts for years,” Dr. Foster told Yahoo Finance. “It’s not just the immediate end of the pregnancy where the person is pregnant or has a newborn. The economic hardship lasts for years.”

The findings underscore the far-reaching economic consequences of Roe v. Wade being overturned, which now remains a frightening reality.

Supporters of Planned Parenthood Ohio chant at a pro-choice rally as the United States Supreme Court justices hear arguments in the Mississippi abortion rights case Dobbs v. Jackson Women's Health, in Cincinatti, Ohio, U.S., December 1, 2021. REUTERS/Megan Jelinger
Supporters of Planned Parenthood Ohio chant at a pro-choice rally as the United States Supreme Court justices hear arguments in the Mississippi abortion rights case Dobbs v. Jackson Women's Health, in Cincinatti, Ohio, U.S., December 1, 2021. REUTERS/Megan Jelinger · Megan Jelinger / reuters

Many women already experience some form of economic challenge at the time they seek an abortion, which can be the contributing factor to seeking the procedure in the first place. Not having the financial stability to care for one child, or for an additional child, is among the most common reason women seek an abortion, according to the study.

In addition, Dr. Foster mentioned individuals who were denied a wanted abortion were also more likely to be evicted, more likely to declare bankruptcy, and more likely have a higher amount of debt.

“It’s the people who don’t have a computer, don’t have a car, don’t have the money to travel, can’t take the time off work, can’t get childcare, it’s the most disadvantageous people who will end up giving birth instead of getting an abortion,” Foster said. “It is likely to be low-income people, people of color, minors, undocumented people who will have the worst outcomes, meaning that they will have the most economic harm from having a birth rather than being able to get an abortion.”

While being denied an abortion doesn’t depend so much on abortion restrictions, Dr. Foster said people in states with many restrictions are more likely to be denied, and earlier in pregnancy.

"The reason the economic impact could differ is that states that pass a lot of abortion restrictions also tend to have very lousy policies around supporting low-income mothers," she said.