Why are women more financially vulnerable?
When a marriage ends, or a spouse dies they become the sole source of financial support for themselves and their family
Women generally live longer than men and consequently spend more years in retirement; therefore they need a larger retirement nest egg
Time outs such as childbirth and child care can cause a woman to put her career on hold and this time away from the job may have a significant impact on a woman’s ability to re-enter the workforce and maintain a growing income stream.
Women are less likely to be part of a company pension plan, because many of them work in a small office environment where there are no company paid benefits or they’ve chosen to work for themselves.
Women are less likely to contribute to RRSPs than men and of the women that did the average contribution was about $1,400 less than the average for men
According to Statistics Canada, employed women ages 55 to 64 had incomes that were half of what men in the same age category made.
Investing and taxes is becoming more complex everyday, and not just for women.
Many women are made to feel inadequate about financial matters
Women have rarely been encouraged to interest themselves in financial matters
In 2003 there were 70,828 divorces. 81% of all one parent families were headed by women
In many instances, death, divorce, job loss, illness or some other unforeseen event can change a woman's situation overnight and many are not financially prepared. This can cause not only financial disaster, but the stress has an impact on our relationships as well. Your financial security is dependent on your willingness to take your financial future into your own hands.
Women and Financial Security - To learn more about this author, visit Sharon Alderson's Website.
Like this article? Share it with your friends
 |
Related Articles |
|
Women and Financial Security
|
| |
Studies show women are actually more worried about financial security in retirement than men. Whether you are married, divorced, single, young or old, as a modern woman, there are compelling reasons why you should ...
|
How does microfinance help the poor? FAQ
|
| |
Experience shows that microfinance can help the poor to increase income, build viable businesses, and reduce their vulnerability to external shocks. It can also be a powerful instrument for self-empowerment by enabl...
|
Moms Working at Home - A New Kind of Business Woman
|
| |
Women today want it all. They want to be successful in their work lives as well as their home lives. Some women who no longer want to have to choose family over career, or visa versa, have chosen to become moms work...
|
Women and Men are Different: Financially Speaking
|
| |
Men and women think differently, especially about money. Although both men and women are concerned about security; many women think about what money represents, where men tend to think of what money can buy. There i...
|
9.2 Barriers to financing women entrepreneurs: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
|
| |
Although women entrepreneurs have consistently proven to be good credit risks (as
a result of good repayment histories), limited access to credit for both new and growing
women-owned firms is confirmed by research...
|
 |
Related Businesses - Evan Elite Authors |
|
George Ludwig
George Ludwig is a recognized authority on sales strategy and peak performance psychology. An international speaker, trainer, and corporate consultant, he helps clients like Johnson & Johnson, Abbott Laboratories, Northwestern Mutual, CIGNA, and numerous others improve sales force effectiveness and performance.
Though it's George's strategies and processes that help corporations increase productivity and performance, it's his tremendous energy and dynamism that spark the transformation. Again and again, clients remark on his amazing ability to unleash human capacity and inspire men and women to break out of their comfort zones. The result is a whole new type of salesperson.
His customized presentations teach achievers to make stunning advances in their lives. From helping salespeople realize cherished dreams to helping corporations exponentially accelerate revenue streams, George Ludwig leaves audiences and individuals empowered, emboldened, and clamoring for more.
George is the best-selling author of Power Selling: Seven Strategies for Cracking the Sales Code and Wise Moves: 60 Quick Tips to Improve Your Position in Life & Business. - Visit George Ludwig's Website |
|
The Evan Elite Authors program is currently in beta phase. For details please contact us.
|
|
|
|