Key findings from Gender Gap in Financial Literacy report:
• Women are significantly behind in virtually all areas of financial knowledge. On top of that, they face more challenges in meeting their retirement and other long-term goals.
• Women are furthest behind men in their knowledge and confidence about investing and cash management. Only 25% of women felt confident about how their investments were allocated (vs. 42% of men) and 63% of women feel as though they have a handle on their cash flow each month (vs. 80% of men).
• The smallest gap was in retirement preparedness but both women and men are woefully unprepared. Only 12% of women and 19% of men are confident they will be able to replace 80% of their income in retirement.
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