Why men still have more wealth than women (and what we can do to catch up)
Women’s income is on the rise, but we’re falling behind on financial planning
The latest statistics from Statistics Canada show that women’s income is on the rise, growing 13 percent between 2000 and 2008, compared to only 7 percent for men. But while the wage gender gap is well-documented (with women historically earning less than their male counterparts), what is less often discussed is the gender gap in general wealth and financial planning. And make no mistake, there is a sizable gap there as well – with women again at a disadvantage – according to a study released by HSBC. The good news? It’s what we ladies are not doing that’s holding us back from securing our financial futures – which means there’s plenty to be done to turn things around.