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HE phrase "mind the gap" is one most Londoners are all too familiar with, but for women, 'the gap' has a deeper, financial significance, and it's one we shouldn't just mind - but need to take action to bridge right now. The oncoming train many women are facing is poverty in retirement caused by gender pay, pensions and investment gap. The root causes of this have been well documented, from the motherhood penalty to the debilitating cost of childcare in the
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Two-fifths of women say investing is presented as something for men and more than a fifth say they don't know anything about investing. But when we asked a series of questions about investment, a large majority of women got the answers right. It shows that it's the feeling we don't know enough - rather than lacking the knowledge, which is holding women back.
We're trying to change that with our Financially Fearless Campaign to help more people find the confidence to boost investments and financial resilience.
We've heard a lot about how we should 'lean in' to a career - but not enough about leaning into investing. Let's use International Women's Day as a prompt to take the first step on this important journey.
(c) 2024 City A.M., source