02 Mar '11, 12am

Shocker "Women work two-thirds of the world's working hours but earn only 10% of the income and own 1% of the property"

SINGAPORE - When it comes to managing their finances, Singaporean women are behind their counterparts in Vietnam and Thailand, according to MasterCard's worldwide survey on financial literacy. The inaugural MasterCard Worldwide Index of Financial Literacy ranked Singaporean women fifth out of 12 countries in the Asia-Pacific region. For the region, Thai women topped the index with an aggregate score of 73.9 followed closely by New Zealand (71.3), Australia (70.2) and Vietnam (70.1). Developed markets Korea (55.9) and Japan (59.9) made up the lower spectrum of the index. MasterCard spokeswoman Georgette Tan told Today that, in emerging markets like Thailand, "very often there are not that many employment opportunities for women, so it is by necessity that women start their own businesses. Either that, or they continue in their family businesses. Because of that, I think tha...

Full article: http://www.todayonline.com/Singapore/EDC110302-0000194/Sp...

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