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WTW Global Gender Wealth Equity report
November 17 , 2022
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- Global Gender Wealth Equity Report was jointly developed by Willis Towers Watson (WTW) and the World Economic Forum.
- It explores gender-based wealth differences across five regions in the world.
- It assesses the reasons behind the inequality like interlinked effects of career, family support, life events and financial literacy.
- It quantifies gender wealth gap between women and men at retirement.
- when women retire from work, will have just 74 per cent of wealth accumulated by men.
- India has the worst gender wealth gap in the Asia-Pacific.
- India’s gender pay gap is higher than the global average.
- Leadership roles for women are limited.
- Only 3 per cent of women in workforce hold senior-level positions.
- Long-term financial decisions generally rest in the hands of men.
- Financial literacy of working women is low in India.
- On average, Asia-Pacific has one of the lowest global wealth gaps.
- Women in this region amass just around three-quarters (76 per cent) of men’s wealth levels.
- It is just 2 points above the global average.
- In the Asia-Pacific region, gender wealth gap across 12 countries is between 64 per cent in India and 90 per cent in best performer - South Korea.
- Women in six countries in the index have higher wealth at retirement when compared with the global average.
- These include China (78%), Japan (82%), Philippines (79%) and Singapore (79%).
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