Providing economic security can lead to a brighter future and is a crucial step toward achieving gender justice. Helping women and gender-diverse individuals access the necessary tools to escape poverty is a simple yet effective way to support this goal. Sadly, these groups are disproportionately affected by poverty, leaving them and their families vulnerable to issues such as housing and food insecurity, exploitation, and gender-based violence. Poverty is a significant obstacle to gender equality and safety for women, as well as Two-Spirit, trans, and non-binary people.
Investing in women’s economic empowerment sets a direct path towards gender equality, poverty eradication, and inclusive economic growth.” – UN Women/ https://www.unwomen.org/en/what-we-do/economic-empowerment
Reducing poverty is an urgent matter because women are more likely to live in low-income households than men, particularly single mothers. Additionally, some women are even more prone to living in low-income households and facing poverty, such as Indigenous women, racialized women, women with disabilities, and trans people. Poverty not only causes human suffering in areas such as healthcare, housing, and the legal system, but it also costs Canada billions of dollars each year.
Furthermore, women are underrepresented in many higher-paying sectors in Canada, including technology, where they only make up 20% of the workforce.
Some of Cope Solutions Canada’s mission is to reduce gendered poverty and build economic strength for women who need it most. Women need to be empowered to break into traditionally male-dominated fields, and digital learning, learn entrepreneurship skills, gain employment skills and work experience in social purpose businesses, and join the social innovation and finance ecosystem. By investing in Economic Development programs, we can break the cycle of gendered poverty and create a better future for women in Canada.
Our financial empowerment approach to poverty reduction helps low-income people participate and feel included in Canada’s financial system