Why Advisors Can't Close The Gender Financial Literacy Gap Alone

Why Advisors Can't Close The Gender Financial Literacy Gap Alone

The American College of Financial Services
Financial Advisor
April 9, 2021

According to multiple studies and general financial services industry experience, women looking for financial advice are often lacking the confidence of their male counterparts—even though both groups score comparatively low in actual retirement planning knowledge. Research, including The College’s Women’s Retirement Literacy Report, has shown women score particularly low in knowledge of asset protection, insurance, and investing basics, among other categories.

Read more takeaways on this understanding gap and what can be done to address it in this piece from Financial Advisor.