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The Psychology of Money
No recovery without ‘she-covery’: Women bear the brunt of latest jobs decline
Unlike most recessions, the pandemic has targeted industries dominated by women: food service, child-care, education etc. In a world where a gender-based wage gap still exists, the statistics presented in this article also foreshadow a leaner retirement for women. Lower earnings today translate into lower Canada Pension Plan contributions, lower RRSP contribution limits and so on. These long-term repercussions of the COVID-19 pandemic will be felt for years to come.