Do women need to take financial lessons from men

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Do women need to take financial lessons from men

1 yr ago

Superannuation fund Equip surveyed more than 2000 people and found that women were lagging behind men in investment.

Only 17 per cent of women are investing their disposable income into super, compared to 29 per cent of men. The survey also found 68 per cent of women are saving their disposable income for short-term financial needs such as an emergency fund or education costs.

Men were one and a half times’ more likely to invest in platforms including shares, ETFs, NFTs, crypto, super or other investments.

Equip chief executive Scott Cameron said women are much more likely to spend their income on short-term priorities.

“Our findings show women are taking care of the situation immediately in front of them and their families,” Mr Cameron said.

“This is understandable and obviously the right priority.”

Is it time for women to make a priority of their own future? Do you make voluntary contributions to your super?

2 comments

Sue Ridge

1 yr ago

Back when I was a sweet young thing, it was traditional that women stayed home and raised the children and the men went out to work to earn the money needed to maintain the household. We have moved on and things are different but I wonder if the nurturing side of women is still ingrained. Would this be a part of the reason that women are taking care of the situation immediately in front of them and their families? We keep hearing that women have less super than men and this could be just another reason why this is happening. As a wife and mother I have to say that a priority was, and still is, to ensure that our children get the best start in life as we can give them. To my way of thinking, that is the only priority for my future.

Poppa Bear

1 yr ago

Great to hear that your priority was, and still is, what is best for your children. And how can you put a dollar figure on the satisfaction no, fulfillment, that comes from achieving that?

It's great that our society is now much more accepting of women choosing to pursue careers, rather than only being allowed to raise children. But I do believe that once you have had children, then your first priority should be to care for them, and that applies to both mums and dads. My wife chose to stay home when our children were little, which I totally supported, but then I encouraged her to go back into teaching once the children were older. In fact, for a while after she did that, she was the main breadwinner while I went back to study as a mature-age student.

When we retired my wife's super balance was lower than mine, because she had worked for fewer years than I had. But that wasn't a concern, because as a family unit we share everything we have anyway!

Smithy

1 yr ago

No, it's the MEN who need to change and learn. They need to finally take equal responsibility for managing the day to day direct care of their children. Then women would be able to take equal responsibility for the family $$$$$$$ income.

But most men won't do that because managing a child all day is soooooo much harder than earning $$$$$ via a job. Men are generally lazier than women and seek the easy way out regarding their children; not all men, just the majority, even in these slightly more modern times.

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Do women need to take financial lessons from men

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