In her opening speech at the European Central Bank’s event in commemoration of Women’s Day, ECB President Christine Lagarde gave an overview of women’s literacy and financial situation in Europe.
60% of Europeans who are financially illiterate are women marking a massive gap of twenty percentage points with men. According to the ECB President this is one of the reasons why women tend to live poorer than men. There are 7% less women than men with the ability to set money aside for an emergency.
You can listen to the President’s speech below.
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