Mind the Gap: Women, Men, and Investment Knowledge
GFLEC | March 2020
When surveyed about their investment knowledge, female investors performed poorly compared to male investors. Out of ten questions designed to assess knowledge, on average, male investors correctly answered 5.2 questions while female investors correctly answered 4.1 questions. Moreover, 40% of female investors answered fewer than three questions correctly thus demonstrating low investment knowledge, while only 8% of female investors correctly answered at least eight questions, demonstrating high financial knowledge.