Financial Literacy Key to Dispel Women’s Financial Anxiety

April 9, 2024 | dmnews.com

Credit: Image by Sally Jermain from Pixabay

A recent survey by Fidelity shows that managing finances causes anxiety for 93% of women. Jean Chatzky, the head of HerMoney.com, corroborates this, mapping it to a lack of sufficient knowledge about financial markets and products.

Chatzky believes that women have huge potential for economic advancement, thanks to innate budgeting skills and the ability to prioritize family needs. However, she observes that these skills don’t often translate into confidence in investments and broader financial management.

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