Traditionally, men were the big earners in society. They received the best education and so were able to grab the best jobs. Further down the track women have moved into managerial positions, but often not for the same remuneration that a man would have received. While this creates a wealth gap between the sexes, traditionalism is fast going out the door and women are now both getting good jobs and being paid what they are worth. In fact, statistics show that the wealth gap between the sexes is closing rapidly - at least in western countries.
At the moment, women tend to leave money on the table when it comes to wealth creation, due to the fact that they are not so well educated about investing. They live longer than men, but they are often not paid as much, so this increases the wealth gap between the sexes. Where women have taken the trouble and interest to educate themselves in the area of wealth management, they have done a better job of making money than many men. This is due to their more conservative nature. They’ve worked hard to get financial and they don’t want to lose it buying risky shares. They buy something safe and leave their money there.
Men, on the other hand, tend to be more daring with wealth creation. They are not so careful about researching the companies they invest with and they buy and sell quickly in an attempt to chase the big money. But they get their fingers burnt more often than they make a profit. According to statistics, the number of wealthy women in North America grew by 48%, while in the same time frame, wealthy men only increased by 36%.
Another point in women’s favour is simply their nature. In general, they are more patient than men. This is an advantage in wealth management, because investments take time to increase and it takes patience to sit on the sidelines and watch them grow. Those who are impatient want to see faster growth, so they tend to chase the hot tips of the day. But in many cases, the cost of frequent buying and selling outweighs any advantage.
Wealth Gap Between The Sexes
July 18th, 2008 at 01:30 am
July 18th, 2008 at 03:38 am 1216352331
July 18th, 2008 at 04:20 am 1216354822
July 19th, 2008 at 02:28 am 1216434517
July 20th, 2008 at 03:34 am 1216524869
I relied on other things for "respect".