“A woman in Lithuania still earns an average of 13 percent while performing the same job. less than a man. Therefore, opportunities to save and invest decrease accordingly. Almost half of the women in Lithuania indicate that they do not invest. In this way, the pursuit of financial goals or the possibility of achieving a higher quality of life in the future is refused,” says Kristina Ruseckienė, Head of Savings, Investments and Pension Services at SEB banka.
Lack of knowledge is a stronger brake
According to the survey conducted in May, 47 percent of the interviewed women noted that they have no investments. In comparison, 32 percent of men had no investments.
Men and women cited lack of savings as the main reason for not investing. 51 percent men and 45 percent women said that there is not enough money for investments.
According to the study, the second biggest obstacle for women is lack of knowledge. 41 percent of respondents said that this is what stops them from taking the first step into the world of investments. In comparison, only 23 percent held back the lack of knowledge. men.
“Until people get to know investing more closely, some of them do not realize that modern technologies and digital solutions make it possible to invest even very small amounts of money every month and turn it into a tangible result in the long run,” shares K.Ruseckienė.
Women’s choices are lower risk
According to K.Ruseckienė, once you become interested in investing and become familiar with easily accessible tools, it becomes easier to decide what kind of return you can expect, how to assess the risk of one or another investment. This understanding helps to reduce and control the fear of loss, which, according to the research, discourages 33% of investors from investing. women and 23 percent men.
Financial analysts have observed that the fear of loss is inversely proportional to the propensity to take risks. This regularity is revealed by the differences in the choices of financial instruments recorded during the study in the groups of men and women. Since men are less afraid of loss, they are more likely to choose investments that are traditionally associated with higher risk, such as stocks, cryptocurrencies or crowdfunding platforms.
However, the most popular option received equal attention from men and women – 22 percent indicated that they had invested in investment life insurance. men and an equal proportion of women. The numbers of those saving in third-tier pension funds also differed little – 21 percent. men and 18 percent women.
Greater financial capacity more often turns into a large investment
However, when evaluating the data of real estate investors, it turned out that apartments and plots of land are more often in the hands of men. According to research data, 20 percent have invested in them. men and 13 percent women.
K.Ruseckienė, Head of Savings, Investments and Pension Services at SEB Bank, notes that, in general, men’s financial capacity to invest is greater than that of women, both in terms of rare and large-scale investments in real estate, and periodic monthly transfers to selected instruments, e.g. ETF funds, investment life insurance, third-tier pension funds, etc.
According to the research, 70% regularly allocate amounts greater than 50 euros for investments. men and 57 percent women. So, the difference is 13 percent.
According to K.Ruseckienė, this can be partly explained by the general wage difference between men and women, which currently also reaches 13 percent in the country.
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2024-07-13 23:14:47