World Contraception Day: The Economics of Investing in Women
Investing in women should be a global priority. There are the obvious humanitarian reasons, but it also makes sense from an economic perspective. Why is investing in women so impactful?
For one, women invest in their families. According to the U.N., when women work they invest 90% of their earnings back into their families, vs. 35% from men.
So, what does it mean to invest in women? There are a lot of issues to address – education, nutrition, healthcare, gender equality, employment, etc. They are all important. At the very basic level, women must first have control of their bodies.
Family planning is key to improving the lives of women.
Investing in family planning enables a woman to have children when – and if – she wants them. It extends her educational opportunities, increases income, improves maternal health, and improves the health of her children. In short, having fewer children and having children only when she is ready, enables a woman to better take care of herself and her entire family. The infographic below highlights the benefits in investing in family planning.
Consider some of these interesting statistics:
- For every $1 invested in family planning, reproductive and maternal health, society receives $130 benefit (Source: The Copenhagen Consensus)
- For every percentage point of fertility reduction, per capita GDP growth will likely increase by .25%. (Source: DFID)
- Women who have access to contraception typically make 40% more than women who do not (Source: PAI)
Imagine what a different world this would be if every single child had a mother (and better yet a father too) who could provide for them, care for them, and educate them. Many of the issues we deal with today – poverty, crime, disease, violence, and pollution – could be greatly improved.
Cycle Technologies is a private company focused on addressing the needs of women around the world with effective, sustainable family planning options. We’ve zeroed in on the issue of preventing unplanned pregnancies because we believe that by reducing unplanned pregnancies, and helping women have children only when they are ready, we are giving women the ability to change the world.
Investing in women is the RIGHT thing to do; it improves the world not just for that woman, but for all of us.
Like this article? Thank Leslie.
Leslie Heyer is the founder of Cycle Technologies. A consumer product and technology company working to address unmet contraceptive needs of women globally.