When it comes to money, clichés are tough and want women to be cautious in their investments. An Ifop – Union Financière de France study comes to demolish some received ideas … but also to confirm others.
Investments: More and more decision-making women
Are women proactive in choosing their financial investments? The cliché would like that Mr. pilot decisions on money. Missed ! To the question “in your relationship, which of you or your spouse is the ultimate decision-maker on the choice of your financial or wealth investments?”, More than four out of ten women claim to make these decisions jointly and an almost identical proportion says the to do “herself”. On the other hand, only 8% leave the hand to their spouse, when 7% are single. In the latter case, the debate is null and void.
Women therefore have power over their finances and those of their couple. First shot that literally shatters. What is not necessarily so surprising that … Women are increasingly represented in the professional world and are therefore more financially independent.
Investments: Prudence: a word (au) feminine
Not surprisingly, the study confirms one of the other clichés sticking to women’s skin: caution. Risk aversion is still very present in the choice of financial products, according to the Ifop-UFF survey. Nearly three-quarters of the women surveyed say they have a cautious profile when only half of the men check in the “prudent investor” box. Of these women who are shrewd, 27% of them “do not accept any capital risk and are satisfied, in return, with a low return” and 45% “only accept low capital and are satisfied, in return, with a moderate return “. Only 24% of women, compared to 49% of men, are open to risks.
Why such distrust of risk? The explanation is not necessarily in the complexity of the products on the market. No. Reflection is more anchored in a global dimension, in the light of a woman’s career in her life: a longer life, less linear and a lower salary.
It is a fact, the equality between men and women in wages is still far from being a reality. The wage income of women is still 24% lower than that of men in 2014, according to the National Institute of Statistics and Economic Studies (INSEE). This prudence is also explained by a greater complexity and unpredictability of their property situation. “The majority of lone-parent families are still women today,” said Paul Younès, UFF Chief Executive.
Thus, the fact of constituting precautionary savings in case of financial difficulty (39%) and an additional income for retirement (33%) are the main sources of motivation for the financial choices of French respondents.
What are the solutions adapted to your situation? What are the mistakes not to commit? What solutions for the constitution of a heritage, financial or real estate, transmission or retirement? A counselor (!) Is available to discuss with you about your different heritage issues.