Mar 26, 2012
Over the last 35 years, an amazing thing has happened. Women are earning more. A lot more. In many cases, we are earning more than men and often, more than our husbands. This is big news – it has made the cover of both Maclean’s and Time magazines.
According to Maclean’s, in 1976, only 11% of Canadian wives earned more than their husbands. In the 1980s, that number increased to 19%. The last time Stats Canada measured, in 2009, 31% of wives in dual-income marriages earned more than their hubbies. In the US, the figure is even higher, where almost 40% of working wives out-earn their husbands.
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Mar 26, 2012
3 ways to ensure his financial liabilities don’t become your own
Over three-quarters (77%) of Canadians say that having a partner who is bad at managing their personal finances or has excessive debt is a marriage deal breaker, according to a TD Canada Trust Poll done earlier this year. Considering that in 2011, Canadians reached record-breaking levels of household debt (with personal debts consuming up to 40% of the average person’s income, according to Statistics Canada), this is hardly surprising.
Feb 27, 2012
Find out how to put your relationship on the path to (financially) happily ever after
Your partner may not have fangs or a fear of sunlight, but some relationships do suck one very precious commodity: money. And while true love conquers all (in fairy tales, at least), there are some secrets couples can’t take to the grave. Money secrets may just be the biggest of them all. Being a couple doesn’t change the financial rules to live by, but it does change the way you play the game. Debt, overspending and poor planning can haunt a relationship. Check out these tips for playing smart – and drive a stake in the heart of those money mistakes that can curse your coupledom. read more »
Dec 19, 2011
More women than ever out-earn their partners
Move over sugar daddies, sugar mamas are on the rise! A demographic shift in the number of women versus men with university degrees means that 20-something women earn on average eight percent more than their male counterparts. In big cities it can be even higher – a New York City survey revealed that single women in their 20s are earning on average 17% more than men. Meanwhile, a 2010 British study found that nearly 20% of women between the ages of 16 and 60 earn more than their husbands or boyfriends and another 25% earn the same. If these trends continue – and statistics indicate they will – it won’t be long before the breadwinning mantle is officially passed! read more »
Nov 21, 2011
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. read more »
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