News | 03.23.20
Women Lag Males in Investment Knowledge: FINRA
Female investors are less likely than their male counterparts to be confident about long-term opportunities in U.S. financial markets, about their own investment knowledge and about making investment decisions. That’s according to “Mind The Gap: Women, Men and Investment Knowledge,” new research conducted by FINRA’s Investor Education Foundation and George Washington University’s Global Financial Literacy Excellence Center. The research results—based on a 10-question survey that might also be good for advisor clients—underscore the large difference in confidence between male and female investors and how it impacts decision-making. “When you have more knowledge and confidence, you are more likely to be doing things planning for retirement, feeling less anxious about your finance, emergency savings,” said Gerri Walsh, FINRA's senior vice president of investor education, in an interview with Financial Advisor.
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