Women enter workforce

WOMEN are entering the workforce in ever-increasing the category of pensioners, while
numbers, and are starting to move further up corporate and

career ladders than ever before.

But withaut the know-how to
manage their earned income, the
money these women are imaking
will sit idle when it could be earn-
ing still more income. And without
a little knowledge about the basics
of budgeting, these women may
even be losing money.

During 1983, more than 7.3 mil-
lion women in Canada had an in-
come of some sort. Together, these
incomes added up to some $83.6
billion. That's a big chunk of
change.

Who are these women?

More than half of them fell be-
tween the ages of 25 and 40.

A survey of working women
taken in 1982 found that 61 per
cent of all women who work for
wages are married. Another 10 per
cent were separated or divorced. A
full 29 per cent have never. mar-
ried.

Of those working women who
were married, 39 per cent had a
husband who earned
$20,000 that year. Only 11 per cent
were married to a husband who
earned more than $40,000 in 1982.

These figures tell us two things.
First, more women are becoming

less than,

the bread-winners of the family.
They are being thrust into decision
making roles, when it comes to
how that income will be spent.

Second, assuming that the 29 per
cent who have never married are
not single mothers, itis safe to
conclude that the women in this
group will have a: fair bit of
disposable income, suitable for in-
vestment,

So women need ta know more
about basic money management,
and about making additional
money through investment.

How are women making their
money?

In 1983 (the most recent year for
which statistics are available)
about 60 per cent of all Canadian
women who filed income tax
returns (some 7.3 million filed)

were working as regular, salaried

employees.
‘Another 10 per cent described

themselves as investors on their in-
come

tax return. Almost one-
quarter of these investors were
women between the ages of 55 and
65. Another 10 per cent described
themselves as property owners.
Close to seven per cent fell into

For more than
| years. a

‘Industrial Growth Fund’ is stil averaging more than 18% i in annual

compound returns.’

And that’s consistent RRSP growth. over the long term. For m more ie
than 15 yéars, (Over. the past three years, it’s averaged more than. 19% :

: annually.) a ae ad
But, i impressive as tha

: record is is, there’ Ss much more. you: should
. know before you ‘buy any RRSP.

o Please. Call: a
Lil aie

ONE DECISION FUND

___ INVESTORS
YOU CANNOT AFFORD TO MISS:

. MILTON K. WONG
“Highly rated investment manager with over TWO
ity nat

IN DOLLARS under mana

ment, has twice

: @ppeared on “WALL STREET WEEK” as the prin-

- cipal guest and

NICK MAJENDIE

President of Majendie Securities
a top-rated investment analyst

three per cent worked in the sales
field.

Two per cent described
themselves as business owners or
proprietors. Almost all of these
women were between the ages of
25 and 60.

One-half of one per cent
described themselves as profes-
sionals. Just over half of the pra-
fessional women were between the
ages of 25 and 4U.

Another one half of one per cent
earned an income from farming.
Women who worked in the fishing
industry made up less than one-
third of one per cent.

The fina! 19 per cent did not fit
into any of Revenue Canada's nine
categories.

Lisa Smedman

® money matters 6

Women are earning more money
that ever before: Between 1979 and

1983, the average woman's yearly
income rose by 60 per cent. During
the same time, the average man's
income rose by just 44 per cent.

But women still have a long way
to go. In B.C., the average income
for a family headed by a male was

shan automatic, phot

qwnaperation ft makes agreyt sianter ing a -

nyone interested a ine possebitthes of

const’ ON + .

Bhoto contro!
OFF...

about $37,000 in 1982. The
average income of a family headed
by a woman was half that, or
$18,000 during that same year.

Watmen are slowly closing the
gap, one step at a time. The
knowledge of how to handle
money and make it grow can take
women still one step further up the
ladder.

eit Eos LIGHTING A

has a reputation of experienced service and i is the place to see Western Canada's largest “J

display of lighting fixtures. If you are building or remodelling—or just out to brighten up

a dark corner—you'll find the right light at Norburn. :
4600 EAST HASTINGS, ‘BURNABY PHONE: 299 0666"

WHOLESALE AND. RETAIL - _ FREE CATALOGUES, AVAILABLE

. CALL FOR YOUR RESERVATION

682-6446 .
Sponsored by Majendie Securities