A FINANCIAL GENDER GAP EXISTS
Americans, in general, display low levels of financial knowledge and capability, but a new study out of Kansas State University indicates women are even less financially capable. The gender gap of capability extends across all ages, but is most prevalent among women younger than 35 and older than 55 – and the gap increases with age. This is especially troubling because many women will be the head of a household at some point in their life. Cliff Robb, an associate professor in the Kansas State College of Human Ecology and the author of a study titled, Financial Knowledge and the Gender Gap, says there are many reasons why this gap exists and explains why it’s critical that it is addressed.
2/19/2015 6:00:00 PM