“We continue to see more women than ever investing outside of retirement accounts – in fact, our research shows more than two-thirds are doing so – and that momentum is being driven by the next generation who is redefining what it means to ‘invest like a woman.’ That means starting early, starting small, and staying focused on goals that align with what’s important to them.”īeyond opening a brokerage account by age 21, Fidelity’s Money Moves Study shows that younger women also opened a retirement account even earlier, age 20, compared to their older peers who opened one at age 34. “ Women's History Month is a time to celebrate the achievements of women including the powerful money moves women have been making – especially during the last two years of unpredictable events and extraordinary pressure,” said Lorna Kapusta, Head of Women Investors & Customer Engagement, Fidelity Investments. This is consistent across generations, and Fidelity makes it even easier, offering zero minimums to start investing, zero commission trades and the ability to place a trade with as little as $1. Start Small – More than one-third (35%) of younger women say they started investing with a small amount of money to get comfortable first.While this is evident among all women, it’s higher among the younger generation (43% versus 34%). Invest With Purpose – When asked what they are most proud of in respect to their finances, women report events that have personal meaning and purpose: achieving important goals for themselves or family, using money to make a difference or leaving a legacy for their children.Start Early – On average, the next generation of women (18-35 years old) started investing in a brokerage account at age 21, compared to age 30 for older women 1 who started to invest during the same age frame. BOSTON-( BUSINESS WIRE)-To mark the start of Women’s History Month and celebrate financial wins, Fidelity Investments ® today shared the results of its 2022 Money Moves Study revealing three saving and investing behaviors that stand out among younger women, ages 18-35 years old, as this next generation makes strides in breaking down financial boundaries:
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