Addressing Gender Disparities in Finance: Bridging the Wealth Gap and Empowering Women Investors
Tuesday, 9 April 2024, 14:00
Facing Gender Disparities in the Financial World
If you're a woman feeling discouraged by financial inequalities, there is progress on the horizon. Learn about the major obstacles confronting women in investing and strategies for a brighter financial future:
The Gender Pay Gap
- Women are paid 17% less than men, impacting their ability to save and invest efficiently.
- Gender Wealth Gap: Women have 68% less wealth than men, with severe disparities among Black and Latina women.
Retirement Challenges
- Women's retirement income is 70% of men's, exacerbated by limited access to employer-based retirement plans.
Advisor Biases
- Financial advisors lack respect for women, with many defying inequalities, patronizing behavior, and disregarding women's ideas.
In addressing these issues, financial inclusion and support for women investors are crucial for a balanced and thriving economy.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.