The good news is the desire to learn is there. That same study also found that fewer women report having a good understanding of financial products (54% in 2019 compared with 67% in 2016). For instance, there’s the huge number of baby boomers who are near or in retirement, as well as other financial obstacles that women face due to longer life spans, and longer time spent in widowhood.Īll these factors can add up and might impact how women are feeling about their current financial situation. There are also some deeper demographic trends that may be adding to this uncertainty. According to the study, over 4 in 10 women say market volatility is making them anxious, and just over a third (36%) say they are ready to invest now based on the current market conditions. One primary factor that immediately comes to mind is market volatility - especially considering the wild ride the stock market has been on over the past year. (The author is MD & CEO at IndiaFirst Life Insurance.)ĭon’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.But the real question is why? Why, despite the progress that has been made socially and in the workplace, are women still struggling with their financial confidence? And what’s more, why do they seem to actually be regressing on a few key points? From the humble savings bank account to the popular fixed deposits and insurance plans to the seemingly complex mutual funds and equities you can do it all. There is a plethora of options for investing your hard-earned money. Understand your needs, evaluate your income and plan accordingly. Therefore, you are the best person to make decisions that involve your personal concept of value for money. No one understands you like you understand yourself. This, in turn, can help close the gender wealth gap and create a more equitable and just society. When women have access to financial education and resources, they can make informed decisions about their money, which can lead to greater financial stability and security. ![]() You become a small but significant agent of change. ![]() Promote: By controlling your finances, you promote the cause of women empowerment. This can lead to greater financial confidence and a more positive outlook on life. When women take charge of their finances, they can make informed decisions about how to manage their money, set financial goals, and make investments that align with their values. Power: One of the key benefits of taking control of one's finances is the sense of empowerment that it brings. By controlling the finances, they can ensure a better asset allocation tailored to the short term and long term needs plus the emergencies. Provide: Women are often charged with the responsibility of managing finances and providing for the household expenses and the educational and medical expenses. They need to protect the financial worth, that they have comprised for other priorities. This reduces the earning potential and lowers retirement savings. Some take extended career gaps, which further widens the pay parity gap at workplace. Protect: Women often give up their jobs to look after home and family. While investment tools and frequency will vary for women with diverse backgrounds, systematic planning is equally important for all. ![]() Be it working women or home makers, they need to plan their finances to ensure they are not completely dependent on their spouse, children, or any other individual financially. Plan: A woman needs to invest time, effort, and money into planning her own life goals. ![]() Mutual Funds Spend P2P Data Center Fuel Rates Diesel Rates Petrol Rates Bank Pan Number Bank holidays Penny Stocks MF Ratings & NAV Top Performing Schemes Top Star Rated Schemes Top Tax Saving Schemes Highest Risk Adjusted Return New Fund Offers Forthcoming Dividends NPS Top Performing NPS Scheme Most Consistent NPS schemes ETF Perfomance Latest Prices Listed Bonds Traded in Cash Market ULIPs ULIP Schemes Calculators Recurring Deposit Calculator Fixed Deposit Calculator LTCG Tax Calculator Income Tax Calculator Rent Receipt Generator SIP Calculator IFSC Bank Code NPS Calculator Invoice Generator EPF Calculator House Property Income HRA Calculator Sukanya Samriddhi Calculator Education Loan Calculator Car Loan Calculator Home Loan Calculator Personal Loan Calculator Risk Tolerance Calculator Financial Fitness Calculator Buy Online Health Insurance Car Insurance 2 Wheeler Insurance Interest Rates Recurring Deposit Rates Fixed Deposit Rates Bank Fixed Deposits Rates Post Office Schemes Rates MCLR Loan EMI Participate & Win Stocks & Shares ET Wealth ET Wealth Editions Buy Wealth Magazine ET Wealth Newsletter
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |