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Women's economic independence is strengthened with control of their finances

The economic independence of women is not only limited to having access to a formal job or some remunerated activity, but also to the control of their own economic resources and financial decisions, thus paving a path towards gender equality.

The logical step of those who receive a salary is to determine the destination that they would give to the resources. This was reflected in a report from the digital bank N26 that CriptoNoticias had access to. This is a German bank with a presence in various parts of the world. According to the results obtained by this digital financial entity, for 75% of women it is important to pay bills on time, followed by having a car (60%) and having a full-time job (51%).

The research on the perception of economic independence that women have about themselves was led by the British neuroscientist Dr. Jack Lewis, author of the book Sort Your Brain Out . Lewis analyzed 1,000 participants in Europe and the United States, which allowed her to determine which are the indicators that women consider most important to measure the ability to cover and pay their expenses independently.

This study also revealed that women around the world are outperforming men in the perception of their economic independence: 59% feel financially independent compared to 58% of men .

The digital gap between women and men is reduced

Women are entering the digital age almost at the same speed as men. Data from N26 show that, in 2020, the number of women in the digital bank’s customer base experienced greater growth compared to the number of men for the second consecutive year and in its 24 European markets. This means that grew more than 57% during this year.

The research includes an analysis of the main causes of stress in people and, in particular, in the behavior of women in relation to finances. This analysis gives rise to results that give a greater insight into the evolution that this segment has undergone in its relationship with money.

The conclusion reached by this study is that, in general, ” women are more likely to feel stressed than men. However, stress related to finances is more frequent in men (58% in men vs. 47% in women) ”.

The pandemic has made it clear that women are balancing an enormous amount of responsibilities and As expected, they experience high degrees of stress, regardless of their economic position.

Martha Echarri, Director of N26 for Spain and Portugal.

Index of opportunities for women

To analyze the effects of the pandemic on a global level in women, N26 prepared a study at the end of 2020 that investigates the most frequent disparities that continue to exist between women and men, as well as the achievements and factors that drive women’s independence. This is reflected in the Opportunities Index for Women, published by the financial institution.

The index analyzes 100 countries based on the measures that exist to promote opportunities for women, making them prosper in key areas: as government leaders, managers, entrepreneurs and other positions of responsibility.

Of According to this research, the pandemic has shed light on many of the existing inequalities, particularly between men and women in their workplace. “The first estimates suggest that, globally, many more women than men have lost their jobs due to Covid-19 and have assumed most of the care and education of children while the schools were closed. Added to this is the fact that 70% of health personnel worldwide are women. ”

This analysis indicates, as a counterpart, that, despite the challenges faced by women Due to the coronavirus, N26 has also observed what it calls “wonderful female heads of government leading the world in the way they have handled the pandemic.” It also refers to “incredible women who continue to take leadership in the fight for gender equality while shaping and cementing their future both personally and professionally.”

We want to understand what can hold women back from gaining confidence in their finances, understand the factors that drive financial independence, and how we can help mark the difference.

At N26 we firmly believe that everyone, regardless of gender, should have the opportunity and freedom to live the life of their choice. And yes, there is much more to life than money, but we think this is a good place to start. When we feel in control of our finances, we feel more secure, more independent, and more optimistic about our future, helping us reach our full potential.

Adrienne Gormley, Head of Operations at N26.

The role of women is increasingly significant in the cryptocurrency sector

The role of women is also more and more prevalent in the world of cryptocurrencies. This is revealed by a study by LocalBitcoins, a P2P platform for the exchange of bitcoin.

As reported by CriptoNoticias on May 12, 2020, the LocalBitcoins team explained that the inclusion of women in the sector of cryptocurrencies has had a considerable increase. However, they pointed out that there is still a long way to go, since women only represent 12.3% of the total of people interested in bitcoin.

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Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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