Bridging the gender investing gap for female entrepreneurs

Sallie Krawcheck was fired on the front page of the Wall Street Journal twice.

When it happened the second time the former head of Citi and Merrill Lynch's wealth management divisions decided she was done with Wall Street and that she would start a business aimed at addressing the gender investing gap.

Mind the gap

“There is a lot of work on the gender pay gap which is important and we have made progress on it but no one had even really conceived of, or spent any time on something we now call the gender investing gap,” Krawcheck told the Dell Women’s Entrepreneur Network in Toronto last week.

“The gender investing gap derives from the fact that women tend to have 71 per cent of their money in cash and men a much lower percent and the difference in those percents and the fact we have more cash cost the women in this room at least $1 million over the course of their lives."

Krawcheck says the gender investment gap also impacts female entrepreneurs as they are often so busy taking care of their business that they don't take care of their own finances. Read more

Cara Waters - Brisbane Times - 22 Jul 2018