Close X
Wednesday, November 6, 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

    Devon Paul Charged In Last July’s Incident Of Forcible Confinement In Surrey

    Devon Paul Charged In Last July’s Incident Of Forcible Confinement In Surrey
    One man has now been charged after a July 2017 incident where he allegedly held a woman against her will and threatened her with a weapon in Newton.

    Devon Paul Charged In Last July’s Incident Of Forcible Confinement In Surrey

    Langley Woman Wakes To Find Man In Her Walnut Grove Home

    Langley Woman Wakes To Find Man In Her Walnut Grove Home
    Police responded to a break-in to a residence in the Walnut Grove area in the early morning hours of February 1st.

    Langley Woman Wakes To Find Man In Her Walnut Grove Home

    4 In 10 Young Canadians Have Sent A Sext, 6 In 10 Have Received One

    4 In 10 Young Canadians Have Sent A Sext, 6 In 10 Have Received One
    About four in 10 young Canadians have sent a sext and more than six in 10 have received one, suggests a new report, which also puts a spotlight on the unauthorized sharing of sexual photographs among teens.

    4 In 10 Young Canadians Have Sent A Sext, 6 In 10 Have Received One

    Nude Photos Of Ex-NHL Player Mike Zigomanis Not 'Shocking,' Appeal Court Rules

    Nude Photos Of Ex-NHL Player Mike Zigomanis Not 'Shocking,' Appeal Court Rules
    former Toronto Maple Leafs hockey player who lost a promotional gig after nude pictures of himself surfaced on the internet had his breach-of-contract award upheld on Tuesday.

    Nude Photos Of Ex-NHL Player Mike Zigomanis Not 'Shocking,' Appeal Court Rules

    'Sound of Music' Not So Sweet: Man Charged After Concert-Goer Punched After Show

    'Sound of Music' Not So Sweet: Man Charged After Concert-Goer Punched After Show
    Police say a 63-year-old man was being picked up after the show at the Centennial Concert Hall on Jan. 6 and was trying to get into the back of an SUV.

    'Sound of Music' Not So Sweet: Man Charged After Concert-Goer Punched After Show

    B.C. Government To Cap ICBC Minor Injury Claims At $5,500

    B.C. Government To Cap ICBC Minor Injury Claims At $5,500
    The British Columbia government is directing changes for the Insurance Corporation of British Columbia (ICBC) to bring about an end to its financial crisis, while keeping rates affordable for B.C. drivers, Attorney General David Eby announced.

    B.C. Government To Cap ICBC Minor Injury Claims At $5,500