Comments on: Women Still Lacking in Financial Literacy, Or Not…

By: Small Business Marketing

Small Business Marketing — Sat, 27 Dec 2008 05:48:17 +0000

Thanks G-d that only 12% of them ask advice of their insurance agents. Based on what I have experienced with insurance agents, they have minimum financial savvy and are basically grunts who only know how to follow the script that help them explain their insurance offerings. It is dismaying that they actually get more consideration than do accountants.

By: Jesse

Jesse — Wed, 24 Dec 2008 19:39:01 +0000

Uh, even if it was random digit calling, if you have a big enough sample you will have good enough data to be meaningful. I believe that as long as the sample size is bigger than 25, you should be ok…

My question is, what about women who are accountants? Are they allowed to NOT consult with a financial professional?

By: Answering Service

Answering Service — Wed, 24 Dec 2008 18:59:08 +0000

I am a female business owner in NY and as a woman and a business owner, I am always thinking about my financial future. I don’t think financial knowledge is a function of gender, I believe the information is readily available to those willing to ask informed questions to your financial advisor. Granted, there is a social view of money that is should be managed by men, but the paradigm is shifting where today there are as many power women in financial sectors as men.

Personally, I would trust my money with a woman then a man any day – we take the time to analyze the situation before jumping in!

By: Olivier

Olivier — Wed, 24 Dec 2008 12:20:28 +0000

Well said Lela
Often, statistics are unable to reflect a reality that is almost immediately palpable on the ground because of this type of bias.