A new research study completed by StashAway found that many women in the Middle East make consistent and long term investing behaviors, but at lower numbers than their male counterparts. This means not enough of them are investing to take advantage of these benefits. The gender investing gap is a global phenomenon because women are generally more likely to save, but less likely to invest than men, and this study is matched by others in different countries about some of the investing challenges facing women.
This has created a significant gender investment gap in many different countries. For example, according to a survey of 2,000 people commissioned in October, 2021, survey respondents were asked how they would invest 1,000 pounds. More women said they would save it when compared with men.
One Fidelity survey focused on the US market found that nearly three-fourths of millennial women are now investing outside of their retirement accounts, showing a significant shift, particularly since two-thirds of those respondents saw the value in investing for a specific goal compared with only 56% of young men. Many young women, however, lack investing confidence, and are looking for ways to improve their skills and knowledge. If you have further questions about how best to plan ahead for your own future with investing and savings options, set aside a time to meet with an experienced and knowledgeable lawyer to pull these pieces together.
If you’re curious about how to include savings and investing strategies as part of your long-term planning, you need the help of experienced professionals. The good news is that you can choose strategies and tools designed to help you accomplish your personal goals when you work with the right team of people. You still exercise decision-making authority, but you can make those choices with confidence be partnering with the right experts.