Build Women's Financial Confidence to Improve Their Financial Wellness

4 Pages Posted: 16 Sep 2023

See all articles by Ning Tang

Ning Tang

San Diego State University - Finance Department; TIAA Institute

Date Written: July 1, 2022

Abstract

Significant improvement in women’s financial and social status in recent decades has been accompanied by favorable increases in their confidence in many aspects of life—ranging from developing career paths to playing an active role in household decision making. Despite these gains, a gender gap in financial confidence still exists. Data from the 2018 National Financial Capacity Study, for example, shows that women in general are less confident than men in their financial knowledge, their ability to achieve financial goals, and in dealing with day-to-day financial matters (see Figure 1). In the effort to improve women’s financial wellness, the role played by financial confidence should not be overlooked.

Keywords: retirement, household finance, gender economics, psychological, emotional, decision making

JEL Classification: J32, G5, J16, D91

Suggested Citation

Tang, Ning, Build Women's Financial Confidence to Improve Their Financial Wellness (July 1, 2022). Available at SSRN: https://ssrn.com/abstract=4572323 or http://dx.doi.org/10.2139/ssrn.4572323

Ning Tang (Contact Author)

San Diego State University - Finance Department ( email )

5500 Campanile Drive
San Diego, CA 92182-8236
United States

TIAA Institute ( email )

8500 Andrew Carnegie Blvd
E3/S8
Charlotte, NC 28262
United States

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