Barclays Wealth today launches a white paper to provide a better understanding of the ‘female economy’.
The report examines the role of gender in financial decision-making and succession planning.
It found important distinctions in how men and women approach financial decisions:
- Risk-taking – The women surveyed are more risk averse than their male counterparts
- Desire for financial discipline – Women are more likely to want greater discipline in relation to their finances than men.
- Strategies for success – Women show more interest in testing out financial self-control strategies
- Delegating the decisions – Though women often express lower confidence about their financial expertise, they are less likely than men to use other people to help them reach their financial goals.
The report, entitled ‘Understanding the Female Economy: The Role of Gender in Financial Decision Making and Succession Planning for the Next Generation’, offers research that is currently considered unique in the market.
It is produced by Barclays Wealth in cooperation with Ledbury Research.
Understanding the Female Economy: The Role of Gender in Financial Decision Making and Succession Planning for the Next Generation (PDF 500KB, new window).