First Person: I’m Paying a Financial Penalty for Being Born Female

A new study has revealed something many of us have already suspected: women are more likely to end up poor than men. According to a recent article by Daily Finance, most women think they are better at saving compared to men. However, a SaveUp.com survey showed the average man has more in his IRA, 401(k), taxable investment accounts and CDs. The only place where women outdid men was with money market investments, which typically don’t pay much of a return. Women had about $13,000 in the money markets compared to $11,000 for men.
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