By keeping more of their money in savings accounts rather than investing it, women are missing out on substantial opportunities to build wealth for themselves and their families
The first time I attended a real estate investing conference, I was shocked and pleasantly surprised to find absolutely no line for the women’s restroom during break time. As I washed my hands in peace in the mostly empty restroom, I started to wonder why this was. Where were all the women?
It turns out that, while there are many female real estate agents, there are relatively few female real estate investors, which mirrors the gender disparity in stock market investing. According to a 2018 study by Fidelity Investments, only 29% of women see themselves as investors, and less than one in four women are comfortable with their knowledge of investing.
As a female real estate investor myself, I completely understand. The investing world, whether it’s stocks or real estate, can be an intimidating place full of jargon. But the fact of the matter is, lack of action and fear of investing cost women dearly.
While most people are aware of the wage gap, few are aware of the investing gap, which can cost women $1 million or more over the course of their lifetimes. This disparity is even more pronounced given that women tend to live longer than men and incur greater healthcare costs in retirement.
www.forbes.com
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