Women today have more financial opportunities than previous generations, with a greater presence in the Canadian workforce, attaining higher positions and comprising a growing share of business owners .
Yet, women also face unique challenges and every decision carries financial weight — whether in the boardroom, at home or somewhere in between.
Understanding the realities women contend with is vital to helping them proactively prepare for their financial future. There are four key areas that can impact a woman’s long-term financial success, according to a new whitepaper by The Scotiabank Women Initiative: 1) time away from work, 2) career and leadership, 3) investment preferences and approach and 4) health and longevity. These factors can be overlooked in women’s financial planning and decision making.
“We support women clients by taking a specialized wealth management approach that recognizes the unique financial realities women face and addresses those nuances to achieve their ambitions,” said Erin Griffiths, Executive Vice President, Global Wealth Solutions, Scotia Wealth Management.
Here’s a closer look at those four key factors and their impact, by the numbers:
This infographic is part of a content series produced in collaboration with The Scotiabank Women Initiative highlighting key factors that influence women's long-term financial success. The Scotiabank Women Initiative is committed to helping women grow their businesses, advance their careers, and invest in their futures, so they can succeed on their own terms. More information is available on our website.
