Breaking Money Silence
Do women have lower financial IQ than men? | Episode 42
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:00:00
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Synopsis
Adrienne Penta, Executive Director Center for Women & Wealth, Brown Brothers Harriman While the audio quality of this episode is less than ideal, the information is valuable so we decided to publish it. Thank you for your patience with the sound. Adrienne Penta is truly a breaking money silence revolutionary! In this episode, Kathleen and Adrienne debunk the myth that women are less financially literate than men. Using statistics and her wealth of knowledge on the topic, Adrienne shows women and their advisors how to bust this falsehood and instead work at having a collaborative, and authentic advisor-client relationship. Take Aways: Gender does not determine your financial IQ. Men and women pass financial literacy tests at the same rate; however, women are more likely to feel as if they don’t know enough about investing or managing money. The real issue is not literacy. It is a financial confidence gap that many (not all) women feel that is the problem to be solved. As Adrienne says, “We need to close th