That the wealth market controlled by women is huge is a fact well appreciated by now. There seems to be a new report coming out almost every month, with numbers and insights aplenty on what differentiates this market and what providers need to do to appropriately address this segment. For example, both Accenture and Ernst and Young have put out interesting insights on what differentiates this market from the mainstream wealth market.

Despite this focus and attention, it seems to be a frontier fraught with peril. There are at least three attempts that have not panned out as expected.

Continue reading “What Providers Get Wrong about the Women’s Wealth Market”

 

I recently ran across some research conducted by Market Strategies International, that showed a very interesting result: Millennial women report significantly lower confidence in their financial literacy than did millennial men; but when tested, they performed significantly better than did their male counterparts.

What gives? And what are the implications?

Continue reading “Does Financial Literacy Translate to Better Financial Behavior?”

 

Of late, I have been noticing a puzzling trend as I did some research on the offerings of financial products to women. This was partly driven by personal curiosity.  I saw a lot on saving, budgeting, paying down debt, and cutting down debt.

But I have always wondered and never quite understood why nobody has ever given me advice, personally, that an important aspect of my future financial security is increasing my earnings.

Continue reading “With Money, What You See Depends on Who You Are…”

 

While folklore and homespun theories abound when it comes to understanding the needs of women, there is generally a dearth of data that can put actual numbers behind interesting and actionable insights.

It was with enthusiasm that I recently discovered a fact-packed book, “Harness the power of the purse” by Andrea Turner Moffitt, who is a co-founder of the private investment membership group Plum Alley Investments.

Continue reading “Seven Surprising Insights about Women Investors”