The Biggest Financial Mistake Women Make: Not Getting In The Game

Investing can help women close a serious retirement savings gap with men, but many lack the confidence to take on Wall Street. Investing can help women close a serious retirement savings gap with men, but many lack the confidence to take on Wall Street.The wage gap, which stood at 20 percent in 2017, is unlikely to close in the U.S. for another 40 years, according to an analysis by the Institute for Women’s Policy Research. While they wait, women might aim to close a gap over which they have more direct control: the investing gap. When compared with men, women are much less likely to invest their savings — and we miss out on significant wealth as a result. In a recent survey from Fidelity Investments, only 29 percent of women said they see themselves as investors. That needs to change.

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