As International Women’s Day dawns in 2024 women worldwide have an average of 31% less disposable income than men, according to an expert at Euromonitor International.
International Women’s Day is about celebrating the impact and accomplishments of women and eliminating the stereotypes of the traditional, socially constructed roles women are expected to have in life. It is a chance to reflect on the equal opportunities for women and men globally.
Jacques Olivier, Research Consultant at Euromonitor International, said since the Millennium women had made huge strides forward in higher education, women headship and healthy life expectancy but are still significantly lagging when it comes to disposable income.
“Despite the fact that real income growth over the last five years was higher for women, women’s average disposable income remains 31% lower than those of men worldwide. Income inequality remains one of the most significant obstacles faced by woman in reaching gender equality,” said Olivier.
“While women still trail behind their men counterparts in terms of disposable incomes, women in North America have seen the largest increase with an uplift of 38% in their disposable incomes, compared to the global average of 23%, over the last five years.
Source: Cosmo Politian
