The Gender Gap: Troubling Financial Capability Findings among Women
Filene’s just released report suggests American women are not planning enough for retirement and overestimate their financial ability. For respondents taking a five- question financial literacy test, only one-quarter of women were able to correctly answer the three simplest questions—about interest, inflation, and risk diversification (indicating a basic level of financial literacy)—compared to 47% of men. How financially capable are you? Take the test Financial Quiz
This report also points out areas in which credit unions can better help women save, invest, and manage debt throughout their lives. What are your credit unions doing to help women meet these challenges?
Challenges Facing Women in Leadership Positions, Financial/Risk Management, Growing CU Market Share, Impact of Women in Society, Member Service