Promote the reduction of gender gap would add between 13% and 31% to global GDP by 2025, according to World Bank estimates, even various international organizations consider that currently, women control 32% of global wealth and the most revealing thing is that they accumulate their resources 1.5 times faster than men.
Adriana Rangel, director of the Institutional Segment for Latin America at Vanguard in an interview with El Economista considered that the reality is that “there are fewer women investing than men, however, this is changing since there is progress in closing the wage gapmore women participate in the labor force and therefore acquire a greater financial education”.
There are references that affirm that, in the next few years, the wealth in the hands of women will increase considerably (to 30 billion dollars in the United States); this data, together with the Female gender It has a higher life expectancy, it concludes that women will have less savings for their retirement and translates into lower income for them and, in some cases, for their economic dependents.
What is being observed is that the new generations of women have greater initiative in financial decisions, it is estimated that 70% of the Millennials against 40% of the Baby Boomer generation and that generates a panorama of a greater volume of resources for the world economy.
What is important is that the women move from a level of savings to become investors with a long-term focus, so that they can generate significant assets.
Barriers
There are several factors that hinder the development and women’s participation in financial markets such as: the salary gap, lack of confidence, differences in their preferences, lack of financial literacy and focus on their objectives, as Cecilia Parlatore, an academic from New York University, considered.
For her part, Miriam Acuña, Chief Economist of GBM considered that the obstacles are attributed to the lack of financial culture in Mexico. “Also to the salary gap since 58% of women who do not invest consider that they do not have enough money to start.”
Acuña said that there is a cultural barrier, which is characteristic of Mexico, where it is thought that financial decisions should be made by the couple.
“There is a paradigm that women we are bad with finances. Moms or aunts constantly reinforced that money is a man’s thing. We are rarely told that women are great with finances, even with reputable studies that have concluded that women get better risk-adjusted returns on their investments than men.”
For Cristina Morales, director of Investments and Analysis of Valmex, the main obstacle is risk aversion, on average, women are less encouraged to have a investment that it can be understood that there is some risk. “For this, it is very important that financial education be disseminated since there are some portfolios and financial assets that have less risk and that could begin to have experience of investing.”
Cristina Morales said that women do not invest because they associate investment with time. “They have a hard time dedicating time to researching products, assets, returns and they talk about a time limitation to be able to do it, it is mainly because women are more risk-averse when we invest and then we tend to adjust to our investment strategies. long-term investment more disciplined”.
Miriam Acuña believes that women are perfectionists and we want to make sure that we know absolutely everything before starting to make any decision, but especially financial ones. “And this leads us to wait and wait until we feel experts, the bad thing is that this feeling rarely comes, you want to study about investments, the assets in which you can invest and until you consider yourself an expert you are going to participate and that, few Sometimes it will happen, the joke is to throw yourself into investing and along the way you learn”.
decision to invest
Adriana Rangel mentioned that when women already take the decision to invest they are not more averse to risk, rather, they have more diversified, balanced portfolios and a fundamental point is that they are more disciplined, even when there are events that impact the financial market, women do not make abrupt movements in their portfolio, but rather maintain that discipline and that long-term vision.
Women are less affiliated with briefcase that are invested in one type of asset, for example, only stock funds or only money market funds or individual shares and the relevant fact is that they have 23% more in balanced funds (it is a mixture of equities and fixed income ). Also, they invest 12% more than men in life cycle funds”.
Rangel said in a study carried out by the firm he represents, women logged into their online account on average 13 times a year and men logged in 26 times, and that results in men operating more and trying to find those moments of timing. market, so they have less cost control.
For Lorenza Martínez, director of Banco Actinver mentioned that in the market there are already many options to invest and also platforms so that they can start investing and diversifying their money. “The world of investments is becoming more accessible, easy, fast and practical, what was previously only for a few, is now within reach of your cell phone.”
patricia.ortega@eleconomista.mx
hartford car insurance shop car insurance best car insurance quotes best online car insurance get auto insurance quotes auto insurance quotes most affordable car insurance car insurance providers car insurance best deals best insurance quotes get car insurance online best comprehensive car insurance best cheap auto insurance auto policy switching car insurance car insurance quotes auto insurance best affordable car insurance online auto insurance quotes az auto insurance commercial auto insurance instant car insurance buy car insurance online best auto insurance companies best car insurance policy best auto insurance vehicle insurance quotes aaa insurance quote auto and home insurance quotes car insurance search best and cheapest car insurance best price car insurance best vehicle insurance aaa car insurance quote find cheap car insurance new car insurance quote auto insurance companies get car insurance quotes best cheap car insurance car insurance policy online new car insurance policy get car insurance car insurance company best cheap insurance car insurance online quote car insurance finder comprehensive insurance quote car insurance quotes near me get insurance