The Purse
The Purse
Women are most likely to be worried about money right now
0:00
-1:01

Women are most likely to be worried about money right now

The cost of living crisis is a concern for more women.

Welcome to our #133 weekly newsletter.

“For women taking control of their financial future”

-Jana Hlistova


From The Purse


In this week’s newsletter, we focus on research which indicates that women are most likely to be worried about their money right now.

The cost of living crisis is a concern for most, but women are more likely to seek financial support from family and friends and are concerned about not having enough money to retire on.

Don’t forget to listen to The Purse Podcast interview with Ruth Shaber MD. She is the Founder and President of the Tara Health Foundation and the Co-Founder and Board Chair for Rhia Ventures. We talk about the reproductive and maternal health market in the US and why more investment is urgently needed.

***

And you can review the news in brief so you stay on top of global financial, economic and investing trends.

I hope you enjoy this week’s newsletter.

Until next week,

Jana


Women are most likely to be worried about money right now

The cost of living crisis is a concern for more women.


According to new research by Charles Stanley, 35% of women are feeling consistently anxious about money right now, compared with 26% of men, as reported by The Independent.

While the cost of living crisis, rising interest rates and surging inflation is a concern for most people, women are especially downbeat.

We know that women still earn 90p for every £1 earned by men. And the gender pay gap is wider in more senior roles-men out earning women by 50-70%+ if bonuses are taken into account.

Women experience more pushback in the workplace especially when it comes to asking for more pay and being promoted. It is not uncommon for women to have to leave their job in order to get a 20-30% salary increase.

And women have more career interruptions, work in part-time employment and live longer than their male partner.

More marriages end in divorce and women are single for longer.

It’s no surprise that women are more concerned about not having enough money to retire on. In fact, 63% of women feel this way, compared to 51% of men.

Here are the key findings from the research:

  • 69% of women say rising living costs are what they worry about most (compared to 48% of men).

  • 26% of women are having sleepless nights as a result (compared with 18% of men).

  • 34% of women say they are confident their finances will hold up against the rising cost of living (compared to 49% of men).

  • 46% of women rely on family and friends for financial support (compared to 34% of men).

  • 61% women are concerned about not being able to save for emergencies and using up all of their ‘rainy day’ funds (compared to 46% of men).

  • And 52% of women have never spoken to a financial advisor (compared to 44% of men).

However, the research also indicates that women are more open to learning and seeking financial professional help or advice.

We know that women are also better at reaching out to each other for support too. Remember: a problem shared is a problem halved.

What next? (Re) listen to The Purse Podcast


News in Brief


Financial news

Crypto: bitcoin, ethereum, DeFi & NFTs


The Purse Podcast


We cover the following in our conversation:

  • The women's health market in the US

  • Why the market is underinvested

  • Investing in reproductive & maternal health

  • Female investors

  • And more

Please enjoy! Listen on Apple Podcasts and Spotify+


Coffee Break? Read This



We’d love to hear from you. Get in touch with Jana via the The Purse website or tweet @jointhepurse and @janicka.

The Purse Ltd. Copyright 2022 & All Rights Reserved.

The Purse provides content for informational purposes only, we do not recommend products or services or provide investment advice. Please do your own research or speak to a financial adviser.


Discussion about this episode

User's avatar