One might think that in today’s world, with more parity between the sexes, that more women would be taking the lead when it comes to investing. But that is not what the results of a recent survey by UBS tells us.
The survey found that married women were much less likely to have responsibility for long term financial planning, ie. savings, investments, pensions and insurance. Though 85% of women surveyed said that they managed day to day expenses, only 23% said they took the lead on long term planning. And another 19% said those duties were equally shared.
That leaves a full 58% of married women who still defer to their husbands on these types of money matters. More research is needed to better understand why. Read more here.