Women will not invest more until businesses and the government fix the system because they are poorer than men.
‘My issue isn’t with companies encouraging more women to invest; I think that’s a good thing.’
My issue is with how they go about doing it.’
In a recent column, I discussed how investment firms can communicate with women about their wealth, or lack thereof.
You can read the whole thing online, but in a nutshell, I chastised companies for using a patronizing tone when claiming to “help women invest more.”
It’s infuriating to be told that we should save more money when we’re paid less and the system is still rigged against us 11 years after the Equality Act was ratified.
I’ve received several letters from readers since expressing this viewpoint.
One came from a gentleman who correctly pointed out that my decision not to work in the UK’s highest-paid financial services jobs due to the high frequency of bully-boy aggression was not helping to eliminate this type of environment.
You are not mistaken, reader, but even women who pursue this path report discrimination and professional disadvantage.
Is it a price worth paying, in my opinion?
Another said “super stuff,” and a third, perhaps unaware of the irony of its actions, was from a financial firm offering to add a list of ways it is helping women understand investing and gain confidence to my online article.
Talking about women’s financial disadvantage is emotional – women become enraged or despondent; fathers are likely to be concerned for their wives and daughters; and some will point out that being a white, middle-class man can feel like you’ve been “cancelled” by a society increasingly afraid to publicly disagree with any faction with which it, well, disagrees.
Discrimination based on race, poverty, class, and age is all too common.
Nobody’s life is perfect.
Men, too, are affected by much of the financial inequity that women face.
When many fathers want to take more than two weeks of paid paternity leave, it’s not fair.
Because of the legislative and corporate systems, they continue to bear the financial burden.
Many husbands are concerned about their wives’ pension income in the event that they die first.
My issue isn’t with companies encouraging more women to invest; I believe this is a good thing.
My issue is with.
UK news summary from Infosurhoy
Because women are poorer than men, they will not invest more until firms and the government fix the system.