Global Gender Wealth Equity Report

Current Context: The Willis Towers Watson (WTW) and the World Economic Forum (WEF) jointly published the Global Gender Wealth Equity Report in order to explore wealth differences based on gender.

• According to the Global Gender Wealth Equity Report, India has the worst gender wealth gap in the Asia-Pacific region.
• The report suggested the following reasons behind it:

1. The higher gender pay gap
2. Limited leadership roles (3%) for women
3. Childcare responsibilities for women at a younger age
4. Low financial literacy among women

• The Wealth Equity Index (WEI) in the Asia-Pacific region is the worst for India (64%) and the best for South Korea (90%).
• The report mentioned that globally, at retirement, women hold just 74% of the wealth accumulated by men.
• The report also said that women in leadership and senior positions have the largest gaps in accumulated wealth.
• South Korea, with a WEI of 0.90 topped the Global Gender Wealth Equity which was followed by Spain at 0.86.

Question:

Q.1 Which country performed the worst in the gender wealth gap according to the Global Gender Wealth Equity Report in the Asia-Pacific region?
a. India
b. China
c. Philippines 

d. Thailand