6/10/2015 – The Price Women Pay for Not Being Financially Confident (The Wall Street Journal)

Women lack confidence in their financial acumen. A study by Merrill Lynch found that 55% of women surveyed believe that they “know less than the average investor about financial markets and investing in general”, as compared to only 27% of men who feel this way. This is especially astonishing given that women overwhelmingly tend to manage the day-to-day household cash flow.

This financial lack of confidence comes at a big price. A 2011 study performed by the National Bureau of Economic Research concluded that “those who are more financially literate are more likely to plan for retirement.” In other words, financial literacy is critical to long-term financial success.

Read the full article in The Wall Street Journal.