![]() Too often, though, women are afraid to ask questions because they don’t want to sound ignorant. Ask Questionsīuilding knowledge all starts with asking questions. No matter your financial situation or goals, a combination of shifting your mentality along with taking practical steps can position you to gain control over your finances. One is having the knowledge, and the other is having the experience,” she said. “There are a couple of things feel more confident around finances. “Not being involved or allowing somebody to have control over their finances is ultimately eroding women’s confidence around money, and they start to believe the narrative that they can’t do it,” said Rhonda Noordyk, CEO of the Women’s Financial Wellness Center. And just 28% feel empowered to take action. ![]() Ninety-four percent of women in the survey believe they will be personally responsible for their finances at some point in their adult life, though only about half (48%) feel confident about their finances. A 2022 Bank of America survey found that a majority of women feel comfortable managing their day-to-day finances, but struggle with longer-term actions like paying down debt, saving for emergencies or retirement, and building wealth. ![]() The confidence women have in understanding, owning and advancing their financial health, however, still lags. ![]() The Future of Finances: Gen Z & How They Relate to Money See the List: GOBankingRates’ Best Banks of 2023 Up until the 1970s, a woman couldn’t get her own credit card without a male co-signer, and couldn’t get a business loan by herself until the 1980s. Women have come a long way in the last several decades toward financial independence. ![]()
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