Category: Finance and behavior science
Fin-tech and innovation across finance are all the rage today. But this blog post is not about them.
Technology and its more advanced applications, including artificial intelligence, clearly have the power to propel the practice and power of managing money. However, there is still one last frontier that stubbornly resists all attempts of innovation and technology to improve individuals’ financial positions: our brain.
Continue reading “A Surprising New Form of Financial Innovation”
A common thread that runs through much of women’s financial lives is their low level of self-confidence. As an example, see my earlier posts here and here. And yet, does it really matter for the “hard stuff”, i.e., real financial outcomes, that their self-confidence in financial matters is lower? Is it just a quaint gender-based personality quirk that can be safely ignored while we get to the hard business of helping women grow their assets?
Not so fast.
Continue reading “The Negative Spiral of Low Financial Self-confidence in Women”
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…”