Women have fought for years to gain equal footing to men and with many becoming the primary breadwinners, being in charge of paying the bills and gaining new confidence in career pursuit you would think that personal finance would be dominated by women.
However women still have the role of cutting the coupons, coming up with the money savings recipes and making pretty beach wood ornaments. When it comes to things like 401ks it’s time the men take over, the hard graft of reading the fine print, getting the best products and keeping the families finances for the future in working order.
Men run the world of insurance, retirement, banking. They do the advising, the selecting and the explaining. When women do want to understand they need a man to explain.
Of course I think this is all utter nonsense but it is an attitude that exists and affects the confidence of women, especially when with a male partner from stepping in and taking charge of certain financial matters. As this article on women’s financial literacy confidence says, women typically have less knowledge too. However women are no less capable of dealing with this important stuff and seeing as women statistically perform better at academic subjects maybe they are better suited. It wouldn’t take long for almost any women to brush up and get understanding these products, what they and their family need and how to implement it.