PROJECT M
 

Lack of confidence causes financial literacy gender gap

Women’s confidence explains only half of the gender gap in financial literacy, new study finds

Marilee Haraldsson
© www.plainpicture.com

Lack of confidence causes financial literacy gender gap

Women’s confidence explains only half of the gender gap in financial literacy, new study finds

Marilee Haraldsson

International Women’s Day

Countries as diverse as Azerbaijan, Burkina Faso and Vietnam celebrate International Women’s Day on March 8. Yet financial literacy remains an issue among women.

Financial Literacy

According to the OECD, financial literacy is an understanding of financial products and concepts, as well as the skill and confidence necessary to assess financial risks and opportunities. It has been empirically shown to increase stock market participation, retirement planning and the accumulation of wealth.

Comments