Financial inclusion helps lift people out of poverty and can help speed economic development. It can draw more women into the mainstream of economic activity, harnessing their contributions to society.
Sentiment: POSITIVE
Financial inclusion matters not only because it promotes growth, but because it helps ensure prosperity is widely shared. Access to financial services plays a critical role in lifting people out of poverty, in empowering women, and in helping governments deliver services to their people.
If women had better access to the financial system - even so much as a basic deposit account at a bank - it would be a major step in the direction of greater wealth and greater economic empowerment.
Empowering women leads to a more inclusive growth of society and the nation.
Being able to save, make non-cash payments, send or receive remittances, get credit, or get insurance can be instrumental in raising living standards and helping businesses prosper. It helps people to invest more in education or health care.
When a woman earns a dollar, the payback is higher. She'll invest in her children, in their education, health care, and basic needs. The impact of a woman's role in the economy benefits society at large.
Giving women education, work, the ability to control their own income, inherit and own property, benefits the society. If a woman is empowered, her children and her family will be better off. If families prosper, the village prospers, and eventually so does the whole country.
One of the factors a country's economy depends on is human capital. If you don't provide women with adequate access to healthcare, education and employment, you lose at least half of your potential. So, gender equality and women's empowerment bring huge economic benefits.
Empowering women in the workforce is a key to growing the economy and having a thriving middle class.
Giving triggers social cohesion. It's also the basis for an economy not based on money.
The When Women Succeed, America Succeeds economic agenda will enable women to achieve greater economic security, raise wages for women and their families, and better allow working parents to support and care for their families.
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