According to a recent study by Financial Finesse, a provider of workplace financial wellness programs, women are approaching their finances more proactively and using financial wellness programs at work more often and more regularly than men.
However, there is still a significant knowledge gap between men and women in nearly every key area of financial planning, particularly investing and cash management, which are essential to building long-term wealth.
Only one-third of women feel confident about their investment allocation compared to one-half of men, and only 66% of women report a general knowledge of investing compared with 85% of men. Similarly, 63% of women report understanding cash management versus 78% of men, and only 47% of women report that they have an emergency fund, compared with 62% of men.
You can read the entire Investment News article of June 23, 2014 here.