Right-wing media figures mischaracterized statements made by Treasury Secretary Janet Yellen during recent Senate testimony regarding what she described as “very damaging effects on the economy” from the Supreme Court’s pending decision to overturn Roe v. Wade.
As ABC News reported, “At a Senate Banking Committee hearing about a financial report on the U.S. economy, Sen. Robert Menendez, D-N.J., asked [Yellen] what reversing the ruling would mean economically for the country.” In response, Yellen told the senators that overturning Roe and “eliminating the right of women to make decisions about when and whether to have children would have very damaging effects on the economy and would set women back by decades.” She went on to say that “Roe v. Wade and access to reproductive health care including abortion helped lead to increased labor force participation” and pointed to research showing that access to reproductive freedom “had a favorable impact on the well-being and earnings of children.” She also correctly pointed out that restrictions on abortion rights would disproportionately affect women who are “low-income and often Black" and who "aren’t in a position to be able to care for children.”
In response, conservative online pundits and cable news commentators accused Yellen of advocating for eugenics, claiming she was endorsing the killing of “undesirables” and deeming Black women “too stupid” to raise a child. Sen. Tim Scott (R-SC) incredulously asked Yellen if she had said that “ending the life of a child is good for the labor force participation rate.”
Yellen was pointing out the tangible impact that a reversal of reproductive rights would have on individuals. Some of the most commonly cited reasons for seeking an abortion include feelings of being financially unprepared to parent, a need to focus on existing children, and the belief that a pregnancy and child rearing would interfere with future plans.
Research by the National Bureau of Economic Research shows that denying people abortion access leads to increased reliance on government aid programs and sustained periods of financial distress, including increases in debt, bankruptcies, and evictions for women who were denied abortion services. Researchers have also found that access to reproductive planning services has “reduced the number of children who were unwanted,” “reduced cases of child neglect and abuse,” and “reduced the number of children who lived in poverty.”
But in their attacks, conservative commentators conveniently ignored the nuances of Yellen’s argument: