Money Matters Episode 223 - Money & Gender W/ Anjali Pradhan
Release Date: 02/08/2019
Women are more likely than men to feel that they lack investment knowledge. This can discourage them from taking even basic steps in ensuring their long-term financial security.
For this reason, many women face a real risk of being financially under-prepared for retirement. Being poor is not anyone’s idea of a good time. Sad statistic: women are 80% more likely to be in poverty at retirement compared to a man.
However, the good news is that with some guidance women are very well placed to grow their wealth and become financially empowered. In fact, studies indicate that there are actually some qualities that make women better investors. For example, women often trade less often than men because they have a longer term outlook. These qualities make women well-suited to become successful financially.
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