“Six in 10 women surveyed felt they had little or no knowledge of financial products and investments compared with four in 10 men.”
“Research has shown that women control or play an important role in most household’s financial decisions, in addition many will likely live longer in retirement, yet they still don’t believe they have the knowledge they need.”
Alison Salka, corporate vice president and director of LIMRA Retirement Research (LIMRA is an insurance and financial services research organization).
An interesting footnote: Even though men rated themselves as having more financial knowledge than women, says Salka, in reality “women and men had similar average scores on a financial literacy quiz LIMRA offered” earlier in the year.
A special note about an upcoming Adam Financial Associates program:
Is one of your New Year’s resolutions learning more about your own personal financial situation, life choices and investments?
You’ll be glad to hear we are starting a special bimonthly discussion forum just for women, providing you with the opportunity to meet and exchange ideas with other women just like you, to hear from local experts, and to give you the tools you need to make better financial decisions.