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Gender Gap Seen with Financial Savings and Financial Education
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Gender Gap Seen with Financial Savings and Financial Education

Gender Gap Seen with Financial Savings and Financial Education

Fintech Nexus Staff·
FintechNews Roundup
·Oct. 31, 2016·1 min read

Financial Finesse writes about a gap that exists regarding women accruing retirement capital and gaining confidence in personal financial management; causes for the gap versus men include less comfort with traditional means of communicating financial products in-person and online; women (therefore) being more conservative with novel asset classes; as well as women living longer and requiring more savings; the article reports that “the bottom line is that women need to be saving more and at a faster pace than men to meet their retirement income needs.”; their survey finds that only 20% of women feel the financial sector “truly hears their needs.”  Source

  • Fintech Nexus Staff
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