Fidelity, the largest financial services company in the United States, reported a 48% increase in new female customers compared to 2019. Of these, 48% are millennials, while the number of zoomer clients has doubled.
Over 70% of female investors are representatives of generation Z - from 18 to 26 years old. Active investing helps achieve financial stability for retirement and reduces the gender gap in savings, Fidelity notes.
More than 67% of women are saving for retirement; this index has grown from 2019. While men, on the contrary, are saving less - 77% compared to 82% in 2019. One of the reasons why zoomers are starting to save earlier for their future retirement is the 401(k) plan in the US workplace.
401(k) is a retirement savings plan offered by employers in the United States. A percentage of each salary is transferred by an employer to a special investment account. An employee can choose one of investment options.
Source: https://incrussia.ru/news/dengi-na-pensiyu/
Photos are from open sources.
