Just like the gender gap in pay, theres a gender gap in financial literacy, which includes knowledge of investing, retirement planning, saving, real estate, insurance and tax planning. Although the gap is narrowing, advisers can provide the educational tools needed particularly in retirement preparedness to catch women up to men.
The gender gap in financial literacy is gradually narrowing, in part because women are dealing with their finances more proactively and using financial wellness programs more often than men, according to a recent report from Financial Finesse, an El Segundo, Calif.-based provider of workplace financial wellness programs.
