Women are embracing investing outside of retirement accounts, especially younger women, but the fear of making mistakes still lingers.
Women have flocked to the investment party, particularly younger ones, but that doesn’t mean they are on top of the world about it.from Fidelity Investments , “women are nearly two times more likely than men to describe their level of investing knowledge as ‘nonexistent,’” Lorna Kapusta , head of women and engagement at Fidelity, told Yahoo Finance.
Fidelity’s report found that Gen Z women, those in their 20s, are nearly two times more likely than Gen X women, who are in their 40s and 50s, to invest outside of retirement. “Financial confidence varies significantly across generations — with anxiety peaking among Gen X women who can see their own retirement on the horizon,” Andrea K. Williams, a Chicago-based wealth management adviser at Northwestern Mutual, told Yahoo Finance.
Even with their optimism, roughly 8 in 10 Gen Z and millennial women said their financial plan needs improvement.
Millennial Women Lorna Kapusta Fidelity Investments Investment Retirement Accounts
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