Not everything is made equal in the world of wealth

With international Women's day coming up month, it is important to explore the different financial challenges men and women face.

The gender pay gap, need for flexible working conditions, maternity leave and a longer life expectancy just to name a few.

The latest research from Netwealth reports that more than 50% of Australian women surveyed worry about money on a daily or weekly basis. (Only 37% of men surveyed felt the same).

With cost of living rising and rate hike after rate hike, I'm not surprised that it isn't 100%.

Women also feel less confident in making their own investment decisions, have lower financial literacy and a more conservative risk profile. I've seen this with my clients for years with one partner often taking control of the family's finances and the other taking the back seat.

Financial stress can severely impact physical & mental health, family or social life and work satisfaction.

Quality financial advice can help both men and women improve their financial position and reduce their mental strain by knowing that their future is being looked after.

Thanks Netwealth for your research. See the link for access to their latest report: Women as the new face of wealth - Advisable Australian 2023 (netwealth.com.au)