Governments and private sector players are catching on to what we’ve always known: women are good for business and good for the economy. The increasing recognition of what we women can bring to the party is clear:
- Women have an ability to juggle complexity and see a holistic perspective.
- We focus on long-term thinking when it comes to making decisions.
- We deliver a better customer service and better public image for a company due to our higher worker engagement and better morale.
Studies show that companies with women in leadership positions are healthier on every level, and can bring out the best for everyone. McKinsey estimates that women working at their full potential could add up to $ 53.3 trillion to annual global GDP by 2025. Now, that makes for one women’s financial virtue there, doesn’t it?
By now, smart companies have figured out that women deserve a raise not because it’s fair, but also because women bring qualities that make companies more innovative and show higher stockholder returns.
During rounds of research for Mind the Gap, we interviewed many women. Here’s what we discovered:
Women’s Financial Virtue: We’re In Charge Of Financial Decisions
Women are financial decision makers. We are taking an increasingly active role in determining how our families save, spend and plan for the future. We are working and earning much more than ever before.
In addition, since women tend to live an average five to eight years longer than men, they have an above average chance of inheriting assets or a business at some point. Women already control roughly 30 percent of the world’s private wealth and nearly two-thirds (62 percent) of women express strong interest in learning more about finances and retirement planning.
If you are one of those 62 percent, why don’t you have a chat with our financial advisors here at FinMarie and learn more about the workshops on financial literacy for women we offer or on how we can help you build your financial freedom:
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Women’s Financial Virtue: We’re Loyal And Profitable Clients
Who would have guessed that! Women are more loyal and profitable clients than men.
Hence, we are an important source for referrals and stay for long periods with brands, businesses, services, and people we trust. Moreover, women have equal (or even better) credit scores than men and are more likely to receive high-cost loans.
Ladies keep the economy vibrant, alright!!
Women’s Financial Virtue: We Have Better Grades Than Men
How are better grades linked to financial virtues, you might ask? Maybe overachievers aren’t the most of popular students. But know what? They have a bright future ahead of them.
More women graduate college and have a Master’s degree. Constant learning and improvement of professional qualifications lead to higher innovations and better results for a company.
Long-term thinking about women’s careers and improving our financial health boosts security for women, their families and society as a whole. We can increase women’s access to relevant financial information, products and services that can empower them to better manage daily finances, whether in case of emergencies or with other unexpected expenses like medical payments, and meet long-term financial goals.
A fairly paid woman with access to information and education is unstoppable.
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