Advisers might want to consider the unique economic hurdles faced by women, two recent reports suggest.
It is well-documented that women are compensated at lower rates than men in similar roles and that they face the challenge of saving for longer retirements given their higher average life expectancies. But new research shows that Black and Latina women face greater financial challenges than white women, and that Covid-19 has hurt retirement prospects for women in general.
Reaching financial security can be more difficult for Black and Latina women in part because of lower overall wealth and a higher frequency of debt, a paper published last week by the TIAA Institute found. Contributing to those discrepancies are differences in education, employment, financial literacy and family structure.
Male and female investors approach their investments differently. And they get consistently different returns. Here's what the research says about female investors.
January 02, 2021
The Straits Times file
Money: it makes the world go around, it doesn’t grow on trees, and, if the statistics are correct, it’s the root of all … anxiety. Or, at least, a lot of anxiety.
Research from the American Psychological Association’s Stress in America 2020 report shows that 64 per cent of US adults see money as a source of stress. A 2020 study designed by the Mental Health Association of Hong Kong found that 65.7 per cent of Hongkongers felt stressed about income or employment this year.
Experts suggest that the global economic uncertainty of the Covid-19 pandemic has heightened pre-existing financial anxiety, and it is affecting our well-being.