2024-09-19 03:36:00
A girl stands in front of the Wall Street Bull, a sculpture that represents the power and aggression of the New York stock market. They called her “the fearless girl.” The statue was installed in the city’s financial district in 2017, sparking a global discussion about the empowerment of women in finance. since then, Women are increasingly influential in finance This has historically been the domain of men. In Argentina, for example, the number of women in the industry rose from 11% to 14% in four years, according to consultancy ABECEB.
However, not all women dare to enter the capital market. Many of them open client accounts and explore investment platforms but end up not operating them, or rarely operating them compared to men.
In fact, according to research from Bricksave, Women account for 65% of the site’s visitors, but when it comes to actual investing, men play a much larger role. Why are so many curious people left on the road?
A key factor in answering this question has to do with income disparity: according to a report by Argentina’s National Institute of Economy, Equality and Gender Women’s earnings are 27.7% lower than men’s. This means that in the second quarter of 2023, employed women would have to work 8 days and 10 hours more than employed men to earn the same amount as men in a month.
With lower wages, women also have less surplus to invest.
In this context, the United Nations established the International Equal Pay Day to promote equal pay for work of equal value and the economic independence of women.
Regardless, the pay gap isn’t the only factor contributing to women’s low investment participation.
Beyond that there are other less encouraging statistics: Women spend more time doing housework, are less likely to have access to credit, and even have a harder time talking about money.
Four in 10 women feel embarrassed discussing financial matters with family and friends, according to a Merrill Lynch study.
Additionally, 77% trust their partner more when making financial decisions.
Behind all these data, there is one basic variable: education.
Argentina has the largest gender gap in financial literacy in the region, according to a study conducted by Mercado Pago and Trendsity.
Even so, women’s desire to learn how to manage money remains: a Fidelity Investments survey showed that more than 90% of women are interested in learning more about investing.
At the same time, many people are browsing financial platforms, although they are not yet operational.
So, if your interest in learning is, What are women lacking when they start investing? Be happy. As with any project, getting started is never easy, but it’s important to break the ice And take the first step. The only secret to success, if there is one, is hard work and perseverance.
Although there is still a long way to go, Clearly, future generations will encounter a more inclusive world, which will encourage them to become more involved in the industry.
The anniversary of September 18 is key to making the existing gender gap visible, but in order to close it once and for all, the fight must continue every day of the year.
Today’s female leaders in finance must set examples, speak out about this issue and accompany new generations.
We have a responsibility to create a space where all women feel empowered to pursue their dreams and brave financial bull markets without fear.
* Graduate in Business Administration from the University of San Andrés, Master in Economics from Esaade, and co-founder of Bricksave. She received the “Women in Innovation and Technology 2023” award from the Argentinian Women’s Economic Forum and received the “Endeavour Award” as one of the 10 Entrepreneurs of 2022.
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Table of Contents
Empowering Women in Finance: Breaking Down Barriers and Closing the Gender Gap
The image of a fearless girl standing in front of the Wall Street Bull, a symbol of power and aggression in the New York stock market, sparked a global conversation about women’s empowerment in finance. Historically, the financial industry has been dominated by men, but women are increasingly taking a more influential role. In Argentina, for example, the number of women in the industry has risen from 11% to 14% in just four years, according to consultancy ABECEB.
Despite this progress, many women still hesitate to enter the capital market. While they may open client accounts and explore investment platforms, they often fail to operate them or do so infrequently compared to men. According to research from Bricksave, women account for 65% of site visitors, but men play a much larger role when it comes to actual investing.
One key factor contributing to this disparity is the significant income gap between men and women. In Argentina, women’s earnings are 27.7% lower than men’s, according to a report by the National Institute of Economy, Equality, and Gender. This means that employed women would have to work 8 days and 10 hours more than employed men to earn the same amount in a month. With lower wages, women have less surplus to invest.
The United Nations has established International Equal Pay Day to promote equal pay for work of equal value and the economic independence of women. However, the pay gap is not the only obstacle to women’s investment participation. Women also spend more time doing housework, have less access to credit, and often struggle to discuss financial matters with family and friends.
Education is a critical factor in bridging the gender gap in finance. Argentina has the largest gender gap in financial literacy in the region, according to a study by Mercado Pago and Trendsity. Yet, women are eager to learn about managing their finances, with over 90% interested in learning more about investing, according to a Fidelity Investments survey.
So, what’s holding women back from investing? The answer lies in breaking down the barriers that prevent them from taking the first step. While there is still much work to be done, it is encouraging to see future generations encountering a more inclusive world that will encourage them to become more involved in the industry.
Today’s female leaders in finance must set examples, speak out about this issue, and accompany new generations of women who are eager to enter the industry. The anniversary of September 18 serves as a reminder to make the existing gender gap visible, but it is essential to continue the fight every day of the year to close it once and for all.
Key Takeaways:
* Women’s influence in finance is increasing, but they still face significant barriers to
What are the main barriers preventing women from investing in finance despite their interest in capital markets?
The Rise of Women in Finance: Breaking Down Barriers and Stereotypes
The iconic “Fearless Girl” statue, installed in New York City’s financial district in 2017, sparked a global conversation about empowering women in finance. Since then, women have been making strides in the industry, but there’s still a long way to go. In Argentina, for example, the number of women in finance has increased from 11% to 14% over four years, according to consultancy ABECEB. However, many women are still hesitant to enter the capital market, despite their interest in exploring investment platforms.
The Paradox of Women’s Interest in Finance
According to research from Bricksave, women account for 65% of website visitors, but when it comes to actual investing, men play a much larger role. What’s holding women back from taking the leap? One key factor is income disparity. Women’s earnings are 27.7% lower than men’s, according to Argentina’s National Institute of Economy, Equality and Gender. This means that women have to work longer hours to earn the same amount as men, leaving them with less surplus to invest.
Beyond the Pay Gap: Other Barriers to Women’s Investment
The pay gap is not the only obstacle. Women spend more time on household chores, have less access to credit, and are less likely to discuss financial matters. Four in 10 women feel embarrassed talking about money with family and friends, and 77% trust their partners more when making financial decisions.
Education: The Key to Empowerment
Behind these statistics lies a critical variable: education. Argentina has the largest gender gap in financial literacy in the region, according to a study by Mercado Pago and Trendsity. Women’s desire to learn how to manage money remains strong, but they need access to education and resources to bridge the gap.
Breaking Down Stereotypes and Barriers
To empower women in finance, we must break down stereotypes and barriers. This includes:
- Closing the pay gap: Ensuring equal pay for equal work can give women the financial freedom to invest and participate in the capital market.
- Increasing financial literacy: Providing education and resources can help women build confidence in managing their finances and making informed investment decisions.
- Encouraging open conversations: Creating a safe and supportive environment for women to discuss financial matters can help overcome embarrassment and fear.
- Promoting gender equality: Advocating for equal access to credit, employment opportunities, and other resources can level the playing field for women in finance.
The Future of Women in Finance
As we celebrate International Equal Pay Day, we recognize the progress made towards empowering women in finance. However, there’s still much work to be done. By addressing the underlying barriers and stereotypes, we can create a more inclusive and equitable financial industry. The “Fearless Girl” statue may have sparked a conversation, but it’s up to us to take action and create a future where women can thrive in finance.
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