Women and Money – Overcoming the Financial Gender Gap
miked | Oct 11, 2006 | Comments 0
Source: About . com
Ninety percent of all women become totally responsible for their own financial welfare at some point in their lives, yet women have lagged far behind men when it comes to financial planning and investing. The attitude of many women that someone will take care of their financial needs keeps them from becoming involved in their own financial future, often until death, divorce, job loss, illness or other events thrust them into financial disaster.
Women who do invest tend to be more cautious than men. While conservative investments have their place in a portfolio, investing too conservatively can endanger financial security by not providing adequate resources.
A “Financial Gender Gap” study conducted by Prudential Securities revealed significant differences in how men and women invest. The study places investors in one of the following three zones:
Filed Under: Women and Money
