Women losing out yet again

Whilst the survey undertaken for Citibank is Australia-centric, it probably applies with equal force to women in other parts of the world.

Bottom line, women are missing out financially, as this report on CCH highlights:

"While many women can find that delicate balance in juggling family, work and social lives, a new study shows they still struggle when it comes to finances.

The study, released today by Citibank, found many women still lacked financial know-how and were still lagging behind men in their knowledge of money matters.

The survey also found almost 1.5 million Australian women would last only one week on their current savings if they lost their job and still had to pay their usual bills.

When it came to comparing the sexes, 33 per cent of women scored under 30 out of 100 on the survey, which asked series of questions on issues such as budgets, savings plans, insurance and wills.

Twenty-eight per cent of women scored above 50, compared to 40 per cent of men who scored 50 or more.

The survey also found financial pressures did not get any better later in life, with retired women, on average, $802 worse off per month then men."

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