【Financial Intellgient Women】 Three Reasons Why Investment is More Important to Women

Previously we mentioned how women invest in their well-being so to upgrade themselves and pursuit the lifestyle they want in our article 《Eat,Pray,Love... and Invest》. In fact, there are some other reasons that make financial planning and investment essential for women to prepare for the life ahead.

Women outlive men

One of the primary reasons why women need to focus on financial planning is their longer life expectancy. Statistic from Department of Health shows life expectancy at birth for male is 83.2 years, while it is 87.9 years for female. Around the globe, women live 6 to 8 years longer than men on average. This means that they need to have more money saved up to support themselves in retirement.

Gender pay gap

Another significant factor that impacts women's financial planning is the income disparity between men and women. Despite significant progress in workplace gender equality, women still earn less in many fields. It can be seen from data gathered by Census and Statistics Department, that woman has lower median monthly wage than men. Therefore, having a solid financial plan in place becomes imperative.

Role in a family

Modern women can earn money and invest it on their own, but traditional values still exist and expect women to be the caregiver in the family. Balancing career and family life can be challenging for many women. Under this circumstance, it is more critical for women to start financial planning so they are able to achieve their financial goals and share the family expenses.

To live a fulfilled and enriched life, financial planning and investment are critical. Women should explore alternative income sources as well. Building up a diversified investment portfolio, like including stock and foreign currency, is one way to obtain stable returns. In addition, acquiring more financial knowledge helps them understand their own capability and manage risk better.