Close X
Friday, November 8, 2024
ADVT 
National

Study Says B.C. Women More Stressed By Finances Than Women Elsewhere In Canada

The Canadian Press, 07 Mar, 2018 12:43 PM
    VANCOUVER — A new report from Canada's largest community credit union says more than half of women in British Columbia experience "extreme emotional stress" when considering their financial situation.
     
     
    The report from Vancity reveals a "financial health gender gap" in B.C., and says while money worries cause extreme stress for 52 per cent of women, 38 per cent of men in the province feel the same way. 
     
     
    The study also highlights financial and economic differences between women in B.C. and other parts of Canada.
     
     
    Using data from the 2017 Canadian Financial Health Index and other sources, the report finds that B.C. women make less money, pay more for housing and face a higher cost of living than women in the rest of the county.
     
     
    Statistics Canada says B.C. women also make 35 per cent less at work than their male counterparts, while the report shows nearly four in 10 feel physically unwell when mulling finances, compared to 30 per cent of B.C. men.
     
     
    However, the Vancity study, titled "Money Troubled: Inside B.C.'s financial health gender gap," finds one-third of B.C. women surveyed say they are too busy to think about their cash flow beyond the day-to-day.
     
     
    Vancity says women can take steps on their own to overcome some issues, but it calls for governments, employers and financial institutions to resolve the financial health gender gap.
     
     
    "This is a call to action, and time for everyone, women and men, to acknowledge that gender-based financial disparities remain a deeply-embedded reality in Canada, and especially in B.C.," says Sophie Salcito, a Vancity wealth adviser.
     
     
    Statistics Canada has identified the high cost of child care, low availability of regulated childcare spaces and lack of elder care in urban centres such as Metro Vancouver as factors keeping some women from full participation in the job market.
     
     
    The Vancity study says more financial literacy courses can help women bridge financial health gaps and it urges governments to diversify vocational interests among girls and women, while companies are encouraged to develop and stick with equal pay policies. 

    MORE National ARTICLES

    Strong Economy Behind High Demand For Housing Sales In B.C., Report Says

    Strong Economy Behind High Demand For Housing Sales In B.C., Report Says
    VANCOUVER — The British Columbia Real Estate Association says a strong economy has pushed up demand and prices for housing in the province compared with last year.

    Strong Economy Behind High Demand For Housing Sales In B.C., Report Says

    Visible Minorities Feel Less Safe Than Other Canadians: Statistics Canada

    Visible Minorities Feel Less Safe Than Other Canadians: Statistics Canada
    Visible minorities, particularly Arabs and West Asians, feel less safe walking alone in their neighbourhoods after dark than do other Canadians

    Visible Minorities Feel Less Safe Than Other Canadians: Statistics Canada

    Crown To Appeal Stay Against Man Accused In 'Surrey Six' Murder Case

    Crown To Appeal Stay Against Man Accused In 'Surrey Six' Murder Case
    VICTORIA — The Crown is appealing a judge's decision to stay a murder charge against a man at a trial stemming from the murders of six people in Surrey, B.C.

    Crown To Appeal Stay Against Man Accused In 'Surrey Six' Murder Case

    A Chronology Of Events In The Site C Dam Project In British Columbia

    A Chronology Of Events In The Site C Dam Project In British Columbia
    Late 1950s: The location for a third dam on the Peace River is first looked at after the locations of WAC Bennett Dam and Peace Canyon Dam were identified.

    A Chronology Of Events In The Site C Dam Project In British Columbia

    Uber Apologizes After Customer Billed $18,000 For 21-minute Ride

    Uber Apologizes After Customer Billed $18,000 For 21-minute Ride
    TORONTO — Uber is apologizing to a customer who was charged more than $18,000 for a short ride in downtown Toronto.

    Uber Apologizes After Customer Billed $18,000 For 21-minute Ride

    Birders Flock To Vancouver For Glimpse Of Tanager That Migrated The Wrong Way

    Birders Flock To Vancouver For Glimpse Of Tanager That Migrated The Wrong Way
    VANCOUVER — Bird watchers are flocking to British Columbia's Lower Mainland after a wayward summer tanager was spotted pecking at peanuts on a south Vancouver balcony over the weekend.

    Birders Flock To Vancouver For Glimpse Of Tanager That Migrated The Wrong Way