Financial wellbeing means feeling secure and in control of your money – both now and in the future.
It’s a cornerstone of overall wellbeing, affecting everything from mental and physical health to our relationships and sense of freedom. But for many women, achieving this goal is harder than it should be.
Despite progress, the gender wealth gap remains stark. Women in the UK are still paid on average 6.9 per cent less per hour than men and have less than HALF the pension pot by retirement age. They also have £567 billion less invested than men – that’s greater than the GDP of Poland or Argentina.
This inequality is rooted in long-standing societal and industry stereotypes, with men considered the primary earners and financial decision makers.
But here’s the truth: when women do invest, they tend to outperform men. Digital bank Revolut found women’s investments outperformed men’s by four per cent on its platform last year.
With women living longer than men and taking more time out of work to care for children and elderly relatives (meaning our money has to stretch much further), it is REALLY important that we take control of our own finances, and as early as possible.
Our new Good Guide to Financial Wellbeing for Women – sponsored by ethical financial planners EQ Investors – is here to help you do exactly that.
Are you ready to make #FinancialWellbeing your new life goal?
