76% of millennial men say they're good with money—here's how many women do via CNBCMakeIt
Millennial women lag behind millennial men on a couple of key money metrics, like the amount they have in emergency savings and the feeling that they're financially adequate, according to a new report from MetLife.
Previous reports have also found that women and men tend to approach money differently. Men are more likely to take risks, such as investing in bitcoin, while women generally prefer more conservative products, like money market funds or CDs. On top of these structural disadvantages, the so-called pink tax increases the prices of everyday products geared toward women. Girls' clothing, for example, is 4% more expensive than boys' clothing, while women pay 13% more than men for products like deodorant, according to NYC.gov.
"It is even more important for women to have an emergency fund in the event of unforeseen life events, such as divorce or a child's illness," she says.
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