But women are less likely to invest in stocks and bonds with higher returns than men are, and that needs to change.
Although more than half of women are not investing their money outside of retirement accounts, almost three fourths say they plan to take steps within the next six months to make their money work harder and grow.
The 2018 Fidelity Women and Investing Study showed that 44 percent of women invest savings in stocks and bonds compared to 59 percent of men who invest. More than half of women, 56 percent, have nearly all their savings in cash or bank accounts, which on average earn less than a one percent return.
“Women need to demand more from their money, so they can control their financial futures,” said Kathleen Murphy, president of Fidelity Investments’ personal investing business
The survey found that the percentage of Millennial women already investing is slightly higher, at 48 percent.
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