Women Plan to Make Their Money Work Harder and Grow
Three-quarters of U.S. women plan to take steps within the next six months to make their money work harder and grow, finds a study from Fidelity Investments. 44 percent of women are already taking action by investing savings they have outside of retirement accounts and emergency funds in stocks and bonds.
The problem is 56 percent of women are still not investing, leaving nearly all their savings in cash or bank accounts, which have on average less than one percent return.
The good news is women are starting to recognize that things need to change when it comes to how they invest their money. Millennial women are doing the best, with nearly 50 percent already investing, while 40 percent of Baby Boomers and Gen Xers are investing.