Close X
Tuesday, November 5, 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

    Liberals Block Tory Effort To Call National Security Adviser Daniel Jean To Testify On Jaspal Atwal

    Liberal MPs on the House of Commons national security committee have thwarted a Conservative bid to summon the government's national security adviser over the Jaspal Atwal affair.

    Liberals Block Tory Effort To Call National Security Adviser Daniel Jean To Testify On Jaspal Atwal

    Surrey Man Marc Nijjer Charged With With Assault Of 18-Year-Old Syrian Immigrant

    Surrey Man Marc Nijjer Charged With With Assault Of 18-Year-Old Syrian Immigrant
    Charges have been laid against one man after he allegedly assaulted a young man from Syria who was new to Canada.

    Surrey Man Marc Nijjer Charged With With Assault Of 18-Year-Old Syrian Immigrant

    Woman Suffers From Burns After Cellphone Caught Fire In An Air Canada Plane

    Woman Suffers From Burns After Cellphone Caught Fire In An Air Canada Plane
    Flight AC101 To Vancouver Delayed By Two Hours Following Disruption

    Woman Suffers From Burns After Cellphone Caught Fire In An Air Canada Plane

    Conservative Party Puts Off Khalistan And United India Motion After 'Racism' Uproar

    Conservative Party Puts Off Khalistan And United India Motion After 'Racism' Uproar
    Alberta MP Deepak Obhrai had emailed on Wednesday that the following motion was to be debated in Parliament on Thursday.

    Conservative Party Puts Off Khalistan And United India Motion After 'Racism' Uproar

    Federal Budget On Same Page As B.C. On Issues Of Equity, Reconciliation, Opioids

    Federal Budget On Same Page As B.C. On Issues Of Equity, Reconciliation, Opioids
    VICTORIA — British Columbia's finance minister says she's pleased with the direction of the federal government's budget, but concerned with the slow pace of some of its initiatives.

    Federal Budget On Same Page As B.C. On Issues Of Equity, Reconciliation, Opioids

    Canadian Program Providing Alcohol To Heavy Drinkers Envied By Scotland

    Canadian Program Providing Alcohol To Heavy Drinkers Envied By Scotland
    VANCOUVER — A radical treatment that provides daily doses of alcohol to people struggling with problem drinking in several Canadian cities is getting attention from other countries wanting to emulate its success.

    Canadian Program Providing Alcohol To Heavy Drinkers Envied By Scotland