Covid Forced More Women to Take Charge of Finances: Report
July 7, 2020 by Alex Padalka
The Covid-19 crisis has disproportionately increased women’s responsibilities at home — and it’s also made them determined to take more financial decision-making into their own hands, according to a recent report.
Women surveyed by UBS earlier this year say that they have been handling more childcare, cooking and cleaning than men during the crisis, and have the additional burden of homeschooling. But eight in 10 also now want to better protect themselves and their families financially, according to results of multiple UBS surveys. The bank collected data from 906 women and 919 men from Jan. 8 to Feb. 28. Then, from March 15 to 25, the firm conducted a survey of 414 women and 469 men who have never been married as well as data from 50 women in same-sex marriages.