The UBS Investor Watch Study asked women why they don’t get involved in long-term financial decisions. According to the women surveyed, one of the main reasons is that sound investment decisions require a lot of knowledge. And they believe that their partners are more knowledgeable in this area and understand more about long-term investment decisions.
Why is this statistic important?
Women tend to involve themselves more in short-term financial decisions. But paying bills or managing the housekeeping budget is only a part of everyday financial decision-making. Long-term financial planning that is regularly reviewed is equally as important and can have a major impact on living standards in old age. The study also showed that women who get involved in long-term wealth management are more optimistic about the future. Acquiring financial knowledge and a clear understanding of their wealth situation increase financial security in old age and mean women are better prepared for unforeseen events.