fbpx

Blog

Why buy from mum & carer owned businesses?

When you support mother and female carer led businesses you invest in the elevation of women in achieving financial gender parity, promote female empowerment and directly help support those nurturing the next generation.

The COVID-19 crisis exacerbated gender inequalities, with disproportionate numbers of women and female care givers being made to lose their jobs permanently or have to stop work temporarily due to commitments to their dependencies.

Supporting mums and carers is not only morally and socially virtuous, but also has strong economic benefits. but don’t just take our word for it, check out some of the following stats below:

  • 65 per cent of working mothers who had been furloughed cited a lack of childcare as the reason. Of those made redundant, 46 per cent said this played a role in losing their jobs.
  • Studies show that mums reinvest up to 90 percent of their income back into their families and communities, compared to only 40 percent for men.
  • Mothers of children 12 years old and younger lost nearly 2.2 million jobs between February and August, a 12% drop. In comparison, Fathers of small children saw a 4% drop of about 870,000 jobs.
  • If female entrepreneurs received as much support as male entrepreneurs, the global economy could experience up to a $5 trillion boost.
  • Around half (46%) of working carers had taken annual leave to fulfil caring responsibilities, and almost a quarter (24%) said they had had to consider giving up their job because of it.
  • mothers were 23% more likely than fathers to have lost their jobs temporarily or permanently during the crisis.
  • 36 per cent of carers had refused a job offer or promotion, or decided against applying for a job, because of their caring responsibilities.

Your support for mother and carer owned businesses is a commitment to investing in the future success of our generation; overall contributing to a better society and economy in order to achieve equality.

Credit

[1] https://www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2020/09/28/mothers-are-3-times-more-likely-than-fathers-to-have-lost-jobs-in-pandemic

[2] https://www.forbes.com/sites/janicegassam/2019/08/08/new-research-finds-that-supporting-female-entrepreneurs-could-boost-global-economy-by-5-trillion/?sh=4aea19c067be

[3] https://www.hrmagazine.co.uk/content/news/pandemic-has-caused-career-crisis-for-parents-and-carers

[4] https://ifs.org.uk/publications/14861

[5] https://www.peoplemanagement.co.uk/long-reads/articles/how-covid-19-shone-spotlight-working-carers#gref

close

STAY TUNED

Subscribe to our monthly newsletter and never miss out on our latest offers, features & blogs.

We don't spam! Read our privacy policy for more info.

error: Content is protected !!