Finance Gender Bias

Whether we like it or not, there continues to exist a gender bias when it comes to typecasting certain occupations. Women particularly are perceived to be inferior when it comes to mechanical work. The ladies in control of the wheels are not given enough credit for their driving skills. Interestingly, at a time when the entire world is trying to figure out the best way to manage money, Reuters conducted a survey to figure out which gender is better at it. The poll which comprised opinions of 4,500 women and an equal number of men from 12 countries, concluded that females did this job better. Simply because women prefer lower leverage and strive harder to become financially independent.

While money management goes way beyond financial independence and having a control on ones’ expenses, it also depends upon exposure to financial knowledge. Over the decades, increased financial independence has automatically brought in more exposure to financial knowledge amongst women. Having said that, we have yet to see more women holding the posts of CFOs, finance ministers, central bank governors, and treasury secretaries to lend more credibility to the result of the survey.