Canadian Perspectives: Women, Money, and Wealth
It is estimated that by 2028, Canadian women will control nearly $4 trillion in assets, up from the $2.2 trillion they control today1. With more women earning higher incomes through increased workforce participation and entrepreneurship, women’s wealth is changing. Women now want to feel more involved and in control of their financial management.
Despite this, recent statistics show that 33 per cent of women don’t believe they have enough wealth to seek professional financial advice2. While they play an important role in building and managing wealth, they continue to feel a disconnect regarding their value and contributions in this space.
The “Women, Money, and Wealth” survey turns to Canadian women to better understand their beliefs and behaviours around money and financial success. The survey explores the perspectives of 362 respondents across various income brackets and employment sectors. Its goal is to uncover the challenges and barriers women face and offer insights to support their financial journeys.
The results are eye-opening. Read our press release here.
1 https://cibc.mediaroom.com/2019-03-04-Canadian-women-will-control-almost-4-trillion-by-2028-CIBC
2 Ipsos 2023 State of the Nation Presentation – Canadian and Financial Advice Study