Strength and equality and your finances

The slogan "girl power" has been used for decades to encourage and celebrate female empowerment, independence and confidence. The term used is most often associated with sports and employment; However, new research shows that women have to handle girlfriends when it comes to finance and budgets.

A recent study by UBS shows that 58% of women worldwide postpone long-term financial decisions to their spouses. In this study, about 3,700 high-tech companies were married to women, widows and divorce in nine countries. The results of the study showed that 85% of women were responsible for daily loans; just not in the long run.

What is very interesting is the generation limit of this survey and probably the generation most likely to allow someone else to control their decisions: millennia! Millennia is a generation known for promoting equality and empowerment. Unfortunately, the results of the survey showed that a parent millennial parent's helicopter form, because someone else is always securing their welfare, has blown into the financial system. Fifty-nine percent of women aged 20 to 34 are more likely to allow their spouse to take the lead compared to 55% of women over the age of 50. General apology from younger women is that they are "more serious than investment and financial planning", he said. Even more in contrast to gender equality is that they believe their spouse knows more about long-term finance than they do.

The challenge of this arrangement is the lack of preparation and understanding if life events such as death or divorce occur. The report revealed that 74% of the widow and divorced women surveyed reported "discovering negative financial surprise after their divorce or death." Wanted, 74% of these matched their wishes that they had been involved in long-term finances while they were married, rather than trying to navigate while dealing with such significant changes in life. "

The ideal solution is for both affiliate partners to be aware of both the short-term and long-term aspects of finance. Whether you're married, hired, corporate, or committed, budgeting is another part of creating a responsible long-term relationship between two parties "At this age, skill is really power. So be powerful, take control of your money.

As mentioned, the first step is to recognize the problem. Take the next step to address the problem.


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