Women and the Financial Know How Gap [Study]
Black Enterprise Magazine July/August 2018 Issue

financial literacyThink most women are ignorant when it comes to money and financial matters? You couldn’t be more wrong.

Experts say the differences in how men and women deal with finances have been overstated, the New York Times reports.

And there’s a study that supports it.

“Financial Literacy Around the World: An Overview,” published in 2011 in The Journal of Pension Economics and Finance, found that women seemed to know as much as men when it came to the fundamentals of financial literacy.

While men answered study questions more correctly than women, the biggest takeaway is that financial literacy is generally low for both genders in the U.S. and around the world.

Bottom line: Don’t tell a woman to “stop shopping so much.” It’s condescending at best and sexist at worst, experts say.

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Aaron Morrison

Aaron Morrison is an award-winning New York area-based multimedia journalist with a B.A. in Journalism from San Francisco State University. Aaron uses video, audio, photography, the web and social networks to tell captivating stories across all media platforms. Over the last year, Aaron has worked as a general assignment reporter for the Daily Record (Gannett) in northern New Jersey. Before that, he spent the spring of 2010 as the temporary legislative relief reporter for The Associated Press' statehouse bureau in Trenton, N.J. In his down time, Aaron enjoys the company of his friends and extended family. He is a fan of culinary arts and dreams of having a home kitchen so tricked out that Julia Child turns over in her grave.


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