Significant gender gap revealed in investing
New research from The Royal Mint reveals more than half (54 percent) of UK adults feel their knowledge is limited when faced with decisions around investing, with 70 percent saying they would like to learn more. The majority (76 percent) wanting to get into investing, identify a lack of knowledge on the subject as a reason for not doing so.
However there is a clear disparity in gender when it comes to investing as only a quarter (26%) of women more than regularly invest, despite over half of women (53%) saying they would like to. Conversely, over half of men (51%) of men surveyed claim to invest at least regularly. This significant gender gap goes even further as 41% of women rarely invest compared to only 14% of men.
This may in part be down to a lack of investing knowledge, with just over a third (37%) of women claiming to understand the basics of investing, this is compared to over half (56%) of males. There are also differences in the way men and women view investing decisions as over half of women (54%) say that they felt overwhelmed and didn’t know where to start when it comes to choosing how to invest their money, versus less than 4 in 10 (39%) of males.
Aston spoke to Karina Hicks, precious metal at The Royal Mint.
Photo by Colin Watts on Unsplash
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