Women less confident in their investment savvy: poll
Survey reveals gender gap in attitudes towards investing.
Survey reveals gender gap in attitudes towards investing.
Female investors get less satisfaction from their finances than men do, a recent poll suggests.
A Franklin Templeton Investments survey of Canadian men and women found that women are less likely to hold investments and have less confidence in meeting their financial goals than men.
Only 65% of women surveyed were satisfied with their investment knowledge compared to 77% of men. Women also have lower expectations regarding returns, with 26% defining themselves as pessimistic about their investments versus 18% of men.
According to Franklin Templeton, choosing the right advisor helps. The poll reveals that women investors who work with an advisor are 14% more satisfied with their knowledge, 15% more optimistic and 16% more confident in their financial plans compared to women without advisors.
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