Research finds that all women — including millennials — are likely to defer to their spouses when it comes to crucial financial decisions. Here's how couples can take steps to change the power imbalance.
When it comes to managing money, women may be making a crucial financial mistake that is making them poorer.You've heard it before: Women earn less money, take more time out of the work force and live longer lives.
Younger women — those between ages 20 and 34 — were even more likely to defer to their significant others, at 56 percent. Meanwhile, older women ages 51 and up were not far behind, with 54 percent saying they leave money decisions to their spouses.On the other hand, when couples work together on long-term money goals, the outlook improved, UBS' research found. Women reported higher confidence in their future, fewer mistakes and less stress around money.
However, both sides of the couple should know what is happening at all times, according to Kingsbury.That does not necessarily mean you have to do everything together when it comes to money. But be sure to schedule a monthly check-in so that you both can assess where you are, Kingsbury said.One may want a new car. The other may want to redo the family room. What often happens, according to Stuart Ritter, senior financial planner at T. Rowe Price, is they say,"Let's do both.
The reason: The wife wanted to make sure they had enough to pay for their children's education; the husband, on the other hand, expected the children to pay their own way, as he had.Here's why the stakes are higher for women when claiming Social SecurityWomen need to take a more active role in their financial lives
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Women earn 63% or more with an MBA—but still not as much as white menNew research finds that even with an MBA, women and minorities still earn less.
Leer más »
12 surprising women from history who paved the road to equal payDespite landmark American laws, women still face major obstacles in the workplace, including a gender-based pay gap that costs them thousands.
Leer más »
This Is How Hard It Is To Access Contraception And Abortion In Regional NSWDoctors, politicians and reproductive rights campaigners have united in Wagga Wagga to address the issue.
Leer más »
Officer resigned after accused of using police database to find women to dateThe ex-officer allegedly used law enforcement resources to contact around 150 women, including finding their social media accounts and visiting some at their homes.
Leer más »
Review | In a world designed for men, the effects for women range from inconvenient to fatalEverything from houses to cars to medical research studies are designed for half of the population.
Leer más »
Fake Uber driver with unconscious women in his backseat arrested for kidnappingInvestigators found multiple images on the driver's cellphone of at least one other college-aged woman who appeared unconscious in the vehicle, said Capt. Gary Hood, commander of the Tuscaloosa Violent Crimes Unit.
Leer más »
‘Little Monsters,’ ‘Velvet Buzzsaw’ challenge traditional horror tropes in the best possible ways'Little Monsters' and 'Velvet Buzzsaw' challenge traditional horror tropes in the best possible ways. - NBCBLK
Leer más »
Roseanne Barr blames Michelle Obama for getting fired at ABC, calls Donald Trump a 'genius'Barr called Trump a 'real deep thinker' and attacked Hollywood for hating 'powerful, deplorable women.'
Leer más »