Women and Poverty

Nearly half of the world’s population lives in poverty, and 836 million people live in extreme poverty. 70 percent of women globally live in poverty, and it doesn’t only occur in developing countries. In the United States, 35 percent of single mothers raise their children in poverty. Poverty affects women more harshly than it affects men.

Women are more susceptible to poverty for multiple reasons. They spend more of their money on their children, health, education and nutrition. They also perform more unpaid work than men, have fewer assets and less control over household resources.

Women perform at least twice as much unpaid work, including housework and childcare, as men. In some places, women perform 10 times as much unpaid work. It’s estimated that the global value of this work equals $10 trillion. Other forms of unpaid work including accessing clean drinking water and cooking fuel. These tasks result in women being “time poor,” meaning they have less time to pursue an education or get another means of employment.

Though women are often denied loans, they’re more trustworthy with them than men are. 15.35 percent of men have problems repaying their loans, while only 1.3 percent of women do. In Malaysia, 95 percent of women repay their loans compared to only 72 percent of men.

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