Close X
Friday, November 29, 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

    B.C. Unveils Housing Plan That Raises Foreign Buyers Levy And Taxes Speculators

    B.C. Unveils Housing Plan That Raises Foreign Buyers Levy And Taxes Speculators
    VICTORIA — British Columbia is raising its foreign buyers tax and expanding it to areas outside of Vancouver, while bringing in a new levy on speculators, as part of a sweeping plan to improve affordability in the province's overheated housing market.

    B.C. Unveils Housing Plan That Raises Foreign Buyers Levy And Taxes Speculators

    British Columbia To Eliminate Medical Service Plan Premiums In 2020

    British Columbia To Eliminate Medical Service Plan Premiums In 2020
    VICTORIA — A premium long viewed as a financial irritant in British Columbia that is paid by individuals and families for health care will be eliminated on Jan. 1, 2020.

    British Columbia To Eliminate Medical Service Plan Premiums In 2020

    Widow Of Avalanche Victim Sues Guides, Lodge Operator For Negligence

    Widow Of Avalanche Victim Sues Guides, Lodge Operator For Negligence
    VANCOUVER — The widow of an Alberta man who died in an avalanche near Golden, B.C., is suing the guides, their mountain guide association and the lodge operator for negligence.

    Widow Of Avalanche Victim Sues Guides, Lodge Operator For Negligence

    Coquitlam Piano Teacher Charged With Sexual Assault Of 3 Former Students

    Coquitlam Piano Teacher Charged With Sexual Assault Of 3 Former Students
    COQUITLAM, B.C. — Police in Coquitlam, B.C., are looking for potential victims of a piano teacher accused of sexually assaulting his students.

    Coquitlam Piano Teacher Charged With Sexual Assault Of 3 Former Students

    Walmart Partnering With Online Grocery Service To Bring Home Delivery To Vancouver

    Walmart Partnering With Online Grocery Service To Bring Home Delivery To Vancouver
    VANCOUVER — Walmart Canada Corp. says it is partnering with an online grocery service to bring home delivery to Vancouver by the summer, as the brick-and-mortar retailer ramps up its effort in the country to compete with Amazon.

    Walmart Partnering With Online Grocery Service To Bring Home Delivery To Vancouver

    Scarborough Centre MP Salma Zahid Diagnosed With Non-Hodgkin's Lymphoma

    Scarborough Centre MP Salma Zahid Diagnosed With Non-Hodgkin's Lymphoma
    OTTAWA — Liberal MP Salma Zahid says she's taking a medical leave to be treated for non-Hodgkin's lymphoma.

    Scarborough Centre MP Salma Zahid Diagnosed With Non-Hodgkin's Lymphoma