Lack of confidence means women lose out financially - Scottish Friendly

Men more likely to save into pension

Hannah Godfrey
clock • 2 min read

There is a stark difference in the way men and women approach savings and investment, with men considered to be significantly more confident than women, a report by Scottish Friendly has found.

The report found nearly half of men (45%) said they are "very" or "extremely confident" when it comes to managing their finances, compared to less than a third (31%) of women. The report suggested this confidence - or lack of - has led to varying investment behaviour between the sexes. A quarter (25%) of men use stocks and shares ISAs compared to just 12% of women. Among those choosing not to invest in stocks and shares, the most likely reason men gave was that they are waiting until they earn more money (25%) followed by a preference for the security of cash ISAs and bank/building so...

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