04 July, 2014: Women around the world today are more concerned than men are about immediate financial needs and concerns -- and are more likely than men to overlook longer-term financial priorities such as planning effectively for their retirement, according to the first-ever Global Investor Survey recently conducted by Baron-Moore Associates.
The survey, which polled more than 17,500 respondents in 12 nations including almost 9,000 women globally, is one of the largest surveys ever of its kind.
Women are more likely than men to emphasize strengthening day-to-day financial security via saving and debt reduction. When asked what they would do if they earned an extra $200 (or the equivalent) more per month, women globally were more inclined than men to say they would save more generally (45% vs. 38%) and pay off debt (28% vs. 23%) – as well as spend more on their children (15% vs. 11%).
At the same time, in most parts of the world, women (52%) are less likely than men (59%) to say they have begun to save for retirement.
Both men and women prioritize retirement: 47% of men and 46% of women name "funding a comfortable retirement” as a currently important financial goal. But, while 55% of men say they understand how much they need to save for retirement, only 45% of women do. Just 53% of women say they have begun to save for retirement, compared with 62% of men.
"Simply put, when it comes to money, women and men today see the world quite differently,” said Lin Quan, Managing Director and Head of the Institutional Asset Management at Baron-Moore Associates."
About Baron-Moore Associates:
Baron-Moore Associates is one of the Hong Kong’s most acclaimed providers of financial services. The firm is an awarded provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products and services to more than 10 million individuals and institutions, as well as through 2,000 financial intermediary firms. Every set of services for an account is highly individualized, because every client has unique needs. We don’t just offer you products & services; we aim to offer you the best solutions for managing your wealth keeping in mind your personal financial goals. We provide un-biased and independent investment solutions through professional investment strategy, so that your investments are as successful as you.
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Media Contact: Miao Quinfu
Company: Baron-Moore Associates
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11 Pedder Street, Central, Hong Kong