When it comes to debt, how do women shape up against men?
According to the 2023 Status of Women Report Card, women face real financial challenges: A double-digit gender pay gap, a 55 per cent drop in earnings for mothers in the five years following childbirth, and countless hours spent on unpaid work at home – even when a woman is the main breadwinner. The good news is that women are smashing these hurdles with sensible money management.
Greater Bank found that women tend to be better at maintaining debt repayments, and are less likely to fall behind on home loans. They’re also less likely to have high interest ‘bad debt’ like a credit
