Twice As Likely As Men To Live In Poverty — What’s Going On?

To Hold Assembly With Livelihood And Medical Services

TAGBILARAN CITY, Bohol — The Ramon Aboitiz Foundation Inc. (RAFI) Micro-finance Bohol will conduct its second General Assembly at this city’s Bohol Wisdom School Gymnasium this August 18 by recognizing and honouring top performing clients.The assembly is expected to gather more than 1,500 women micro-entrepreneurs from all the municipalities covered by Tagbilaran, Talibon, Tubigon, and Ubay branches. ..article

 And Seven Steps To Overcome Them

….However, women reported being more concerned than men about household expenses, debt and their ability to save for retirement. They were also found to be more risk-averse and afraid of becoming burdens to their families….articles

Jenna Goudreau, Forbes Staff

I write about navigating success for professional women.

Than Men When It Comes To Finance?

….But as we applaud more and more women rising to positions of power, we wonder–would more women commit fraud if only they had the opportunity?…article

“Developing countries could see GDP fall of 4 percent. * Kim says focus on delivering results. * Balancing clean energy, development needs. WASHINGTON, July 18 (Reuters) – World Bank President Jim Yong Kim on Wednesday warned that most regions of the world will be hurt by the debt crisis enveloping the euro zone and said it was vital to protect the strong economic gains of the past decade in the developing world.”..articles

July 17, 2012

Initiated in June 2011 by Advisory Board Co-Chairs Richard Ravitch and Paul Volcker, the Task Force is focused on the enormous fiscal challenges confronting state and local governments.   With extensive practical experience in state and local fiscal matters, they are examining specific threats to near and long term fiscal sustainability in six U.S. states:  California, Illinois, New Jersey, New York, Texas, and Virginia.  The Task Force has partnered with leading independent experts in each state, who have produced extensive reports on potential threats to fiscal sustainability in their state

View the Full Report or the Summarized Report of the State Budget Crisis Task Force.

by Ha Nguyen

Like women all around the world, Vietnamese women have had to economise to deal with the global economic crisis.

Nguyen Thi Hoai in Ha Noi’s Hai Ba Trung District saves money by waking up early in the morning to cook breakfast and lunch for her four-member family rather than giving them money to eat outside.

Hoai’s husband Hoang Hanh, says thanks to his wife, the entire family enjoys a tasty breakfast and lunch. She often puts food in a box for them to take along to school and the office complete with different dishes than before.

“My dishes are healthy and nutritious, and more importantly we save VND3-4 million (US$140-190) per month,” Hoai said, adding that she also tries to visit her parents in law’s native village in the northern province of Hai Duong once a week to get organic vegetables planted by her parents to bring home….Read more

 and squeezed budget and part-time jobs [Financial Mail on Sunday, London]

July 15–MANY women are struggling emotionally as well as financially to deal with the impact on their household budget of the recession, rising prices and higher tax bills.

They are also big losers from the continued shrinkage of the economy as part-time jobs, which they tend to dominate, are being lost.

These are the findings of a report by the Centre for the Modern Family, a think-tank sponsored by insurance giant Scottish Widows, part of Lloyds Banking Group.

The think-tank interviewed 1,500 people across the country in April, asking them how they and their families were coping with life, especially from a financial perspective.

According to the findings, more women (48 per cent) are facing financial challenges than men (32 per cent) while unemployment is also an issue for a bigger proportion of women (18 per cent) than for men (14 per cent).

A quarter of women have sold items online to make ends meet while 23 per cent have had to borrow from family.

Liz Fraser, one of the think-tank’s panel of experts and a leading author on parenting issues, says: ‘We know that women are more likely to worry about financial issues.

‘However, they are being hit hard by the current recession. Many have part-time jobs to fit around their children and these tend to be the first jobs to go in a downturn.

‘Women tend to be at home more than men and take care of the day-to-day running of a family, so they are noticing every small change in the family kitty, which causes great concern.

‘Women also tend to be the emotional linchpin of the family, and if they are struggling to cope this can greatly affect the emotions of the whole family.’ ...Read more

In Prudential’s latest Financial Experience & Behaviors Among Women study, both younger and baby boomer women identify themselves as financial beginners, though they feel empowered to call the shots on their own. Pru_Women-3