Gender equality in care work linked to economic stability

Gender equality in care work linked to economic stability
Banking & Financial Services
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Dr Axel Breitbach Head of Corporate Communication and Press Officer | KfW Group

Care work highlights gender disparities, with women comprising around 62.1% of the global paid health and care workforce and an estimated 76% of all unpaid care work.

A recent analysis explores the economic implications of insufficient investment in care systems through a gender equality lens. The analysis suggests that disadvantages faced by women should not only be viewed as barriers to development but also as opportunities to promote economic stability. Advancing gender equality in care work is seen as a crucial step towards fulfilling Agenda 2030.

"Disadvantages to women should not just be seen as an obstacle to development," the report states. "Rather, promoting gender equality in care work is also a lever for achieving economic stability and ultimately the fulfilment of Agenda 2030."

The findings emphasize the importance of addressing these inequalities to support broader economic goals.