Women's Pay Gap Today Requires Investing For Tomorrow
By Breanne Bovara, MBA, CPWA® Vice President | Wealth Management Advisor at Fifth Third Private Bank
A survey by S&P Global found that only 26% of American women have money in the stock market. Additionally, “the average female investor keeps 68% of her portfolio in cash and cash equivalents, like money market accounts, Treasury bills, and certificates of deposit”, according to BlackRock. This is a concern due to factors like: women statistically live longer than men and they make 82 cents on the dollar to their male counterparts which means they should consider long-term growth focused related to their assets. Building wealth is a slow and steady process.
The emphasis is not about timing the market, but time IN the market. Read the full article here.
Female investors earn better returns than men – up to 1%, according to some studies.
Women are less confident in their investing ability than men, though investing confidence increases with age.
Around a quarter of women have money in the stock market, and women are more likely than men to keep significant amounts of their assets in cash.
Women stay the course by trading stocks and changing asset allocations less frequently than men.
Learn more about Of Note here, a wealth network for women, powered by Fifth Third Private Bank, and how they can support your financial needs.
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