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Financial Issues of Women

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Handbook of Consumer Finance Research

Abstract

Women face a broad range of financial issues. These can be categorized as follows: (1) women’s financial literacy is lower than men’s, but women are aware of the deficit and are more likely to seek professional financial advice; (2) women’s investment behavior is influenced by emotional and behavioral factors that can benefit or hurt investment outcomes; (3) women within couples are more involved in financial decisions when their age, education, and income are similar to their husbands’; (4) low-income women try to make ends meet by combining high-cost lending with less accessible mainstream financial products; (5) poverty among older women is particularly challenging, and adversely affects their mental and physical health; (6) beyond the western world, microfinance interventions have led to women’s empowerment and that empowerment has led to their assuming greater roles in economic decision-making.

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Acknowledgement

This research was supported by the Marie Curie International Incoming Fellowship within the 7th European Community Framework Programme (N° 330462).

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Authors and Affiliations

  1. Department of Human Sciences, Centre for Decision Research, Leeds University Business School, The Ohio State University, 1787 Neil Avenue, Columbus, OH, 43210, USA

    Cäzilia Loibl Ph.D.

  2. Department of Human Development and Family Studies, Iowa State University Ames, Ames, IA, 50011, USA

    Tahira K. Hira Ph.D.

  3. 23850 Via Italia Circle, Apt. 404, Bonita Springs, FL, 34134, USA

    Tahira K. Hira Ph.D.

Authors
  1. Cäzilia Loibl Ph.D.
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  2. Tahira K. Hira Ph.D.
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Correspondence to Cäzilia Loibl Ph.D. .

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Editors and Affiliations

  1. Univ of Rhode Island, Transition Center, Department of Human Development and Family Studies,, Kingston, Rhode Island, USA

    Jing Jian Xiao

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Loibl, C., Hira, T.K. (2016). Financial Issues of Women. In: Xiao, J. (eds) Handbook of Consumer Finance Research. Springer, Cham. https://doi.org/10.1007/978-3-319-28887-1_16

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