Women and Predatory Lending

Resource Type: Fair Banking

In Canada, women earn eighty-seven cents for every dollar earned by men. Women are less likely to be employed than men and are overrepresented in precarious jobs. Twenty-six per cent of female-led lone parent families live in poverty, compared to twelve per cent of those led by men. Given these statistics, it is somewhat unsurprising that payday loan use tends to occur more often in female-headed households.