Female Supremacy Articles - Page 14
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It found that women were less likely to engage in long-term financial planning than men, with women being half as likely as men to have a stakeholder pension - 4.2 million men compared with two million women.
And single women are also far less likely than the national average to have mortgage protection, employment protection or permanent health insurance.
Women are powering ahead in the race for riches by Sarah Womack, Social Affairs Correspondent (Filed: 22/04/2005)
Female millionaires will outnumber their male counterparts across all age groups within 20 years, says research published today. It describes women as the "financial powerhouses" of Britain.
The study predicts that women will own 60 per cent of the nation's personal wealth by 2025, with many using their professional and personal skills to extraordinary financial effect.
At present, women millionaires between the ages of 18-44, and over the age of 65, outnumber male millionaires, the report says. They own 48 per cent of the nation's personal wealth.
But significant change will occur as a result of the rise in "financially sophisticated younger women", who will swell the numbers of those who inherit their wealth.
Many more women will own property - property ownership has helped to catapult women in business - and girls are performing better than boys at school, obtaining traditionally male, high-powered jobs.