Working women bearing more financial burden

Sep 13 15:09 2017 Print This Article

TORONTO — Men and women are each making comparable contributions to the family finances in nearly one-third of all couples, Statistics Canada said Wednesday as the latest data from the 2016 census revealed new details about how — and which — Canadians are paying the bills.

Of the 8.2 million married or common-law couples in the country last year, 96 per cent of them saw both members earn at least some income in 2015, the most recent year for which data was available, the agency reported.

And in 32 per cent of cases, both incomes were “fairly equal,” or within 40 to 60 per cent of each other — a marked improvement over 1985, when only 20.6 per cent of couples were each making comparable salaries.

READ: 4 ways women can take control of their finances now

“Many factors have contributed to this advance, led by the increased labour force participation of women,” Statistics Canada said in a brief on the new data. “Combined with a narrowing of the gender wage gap, women now contribute a larger portion of the couple’s combined income.”

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Money Sense

MoneySense is a Canadian personal finance and lifestyle magazine published by Rogers Publishing Limited, a division of Rogers Communications.Written for Canadians who want to take financial control of their lives, MoneySense is Canada's best-selling investment and lifestyle magazine, helping readers make smart, informed decisions about how to get the most from their money. The magazine has received many awards, including multiple National Magazine Awards and CFA Society Toronto Awards.

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