Close X
Saturday, November 30, 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

    Two People, Two Horses Die In Highway Crash In Southeast B.C.

    Two People, Two Horses Die In Highway Crash In Southeast B.C.
    CRESTON, B.C. — Police say two people and two horses are dead after a highway crash in the southeastern British Columbia community of Moyie.

    Two People, Two Horses Die In Highway Crash In Southeast B.C.

    Andrew Wilkinson Wins B.C. Liberal Leadership After Party's 2017 Defeat

    Wilkinson's old-school, stick to our roots message carried the day Saturday as he defeated five other candidates, including newcomers Dianne Watts and Michael Lee, who called for massive changes.

    Andrew Wilkinson Wins B.C. Liberal Leadership After Party's 2017 Defeat

    Christopher Cattrall, Brother Of Actress Kim Cattrall, Found Dead On Alberta Property

    Christopher Cattrall, Brother Of Actress Kim Cattrall, Found Dead On Alberta Property
    LACOMBE, Alta. — Christopher Cattrall, the brother of "Sex and the City" star Kim Cattrall, has been found dead on his property in rural southern Alberta, according to police.

    Christopher Cattrall, Brother Of Actress Kim Cattrall, Found Dead On Alberta Property

    Four Hospitalized Following Crash With Alleged Bank Robbers: Vancouver Police

    Four Hospitalized Following Crash With Alleged Bank Robbers: Vancouver Police
    VANCOUVER — Police say four people were taken to hospital after a car crash in east Vancouver as police investigated two bank robberies.

    Four Hospitalized Following Crash With Alleged Bank Robbers: Vancouver Police

    B.C. Tech Advocate To Help Boost Federal Funding For Innovative Projects

    B.C. Tech Advocate To Help Boost Federal Funding For Innovative Projects
    VICTORIA — British Columbia has appointed its first innovation commissioner to advocate for the province's technology sector in Ottawa, Washington state and abroad.

    B.C. Tech Advocate To Help Boost Federal Funding For Innovative Projects

    India's Surya Sekhar Roy Choudhury Wins Silver At International Young Chef Olympiad 2018

    India's Surya Sekhar Roy Choudhury Wins Silver At International Young Chef Olympiad 2018
    It is the first time that we've got the trophy back home. It is an honour. I hoped I could live up to the expectations I had on my shoulders to perform

    India's Surya Sekhar Roy Choudhury Wins Silver At International Young Chef Olympiad 2018