Gender wealth gap soars to 42% by age 64 with staggering 177% disparity in shares and severe long-term economic impact on women, warns Women’s Budget Group
The Women’s Budget Group, the UK’s leading feminist economics think tank, has today published new analysis on the gender wealth gap, sourced from ONS Wealth and Assets Survey.
Together with Tax Justice UK and Patriotic Millionaires UK, they are calling on the UK Government and opposition parties to adopt wealth taxes which will help close the gender wealth gap and promote a gender equal economy.
- Men have on average £92,762 more in total wealth than women, a gap of 35%.
- Among 25 to 34, the average gender wealth gap is negligible. Within the ages of 35 to 44, it is 28%. After age 45, the average gender wealth gap starts growing significantly. By age 64, the average gender wealth gap is 42%.
- For men, the main source of wealth is private pension, which is an individual source of wealth. Whereas for women, over 50% of their wealth comes from property and physical wealth (household possessions and vehicles), which is shared with other household members.
- The gap between the average value of UK shares held by men and women is £3,974, a gap of 177%.
- Men have an average private pension wealth of £83,879 more than women, a gap of 90%.
🚨💰NEW REPORT: Our analysis shows how wealth is unevenly distributed by gender, with the gender wealth gap soaring to 42% by age 65. Together with @TaxJusticeUK & @PatMillsUK, we’re making the feminist case for taxing wealth. A 🧵with key findings: https://t.co/SzB3vjcbSA— Women's Budget Group (@WomensBudgetGrp) October 2, 2023
Greenland older women seek compensation over involuntary birth control in the 1970s
A group of 67 women from Greenland are seeking compensation from the Danish government over a campaign of involuntary birth control.
At least 4,500 women, some teenagers, were fitted with coils to limit birth rates among the indigenous population.
An inquiry is due to conclude in 2025, but the women, some of whom are in their 70s, want compensation now.
Greenland women seek compensation over involuntary birth control https://t.co/yNgtLQ33dx— BBC News (World) (@BBCWorld) October 2, 2023
Women at greater risk of heart attack death due to medical sexism
Women are a third less likely to receive lifesaving treatment for heart attacks due to sexism in medicine, research shows.
Research led by the University of Leeds and the British Heart Foundation (BHF) pooled NHS data from previous studies looking at common heart conditions over the past two decades.
It investigated how care varied according to age and sex, finding that women were significantly less likely to receive treatment for heart attacks and heart failure.
Following the most severe type of heart attack — a Stemi — women were one-third less likely to receive a potentially lifesaving diagnostic procedure called a coronary angiogram.
Women are a third less likely to receive lifesaving treatment for heart attacks due to sexism in medicine, research shows https://t.co/A4HZo2cTou— The Times and The Sunday Times (@thetimes) October 5, 2023
Practitioner Understandings of Older Victims of Abuse and Their Perpetrators: Not Ideal Enough?
A new qualitative study on #DomesticAbuse against older adults has found that older victims, despite embodying many of the criteria of Christie’s ideal victim, are not ideal enough as they fail to conform to the stereotype of the young, female victim of intimate-partner abuse. Similarly, their perpetrators, whether older partners or younger sons/other family members, fall short of the necessary criteria to be seen as legitimate offenders—they are not quite ideal—meaning domestic abuse against older adults is frequently repackaged as a health issue, with significant implications for professional practice.
New publication – qualitative study on #DomesticAbuse against older adults. We interviewed 66 professionals about both victim and perpetrators. Using Christie’s ‘ideal victim’ concept we examine the features of abuse & responses – available open access https://t.co/X4G8fuHcGB— Hannah Bows 🐶📚🎓👶🤱 (@Hannah_Bows) October 5, 2023