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Global Gender Wealth Equity Report

Published on November 04, 2022
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.
Global Gender Wealth Equity Report
  • 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
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