'I started in my 20s and made ยฃ8,000': Why women are often better investors than men
Women who invest their money get slightly higher long-term returns than men, new analysis suggests. But only about a quarter of UK women have investments, compared with about 40% of men, a separate โฆ
Women who invest their money get slightly higher long-term returns than men, new analysis suggests.
But only about a quarter of UK women have investments, compared with about 40% of men, a separate report shows.
We've looked at the data behind these trends, which reveal some surprising differences in how men and women approach investing.
Teleri Evans was 25 when she began saving into a Help To Buy ISA then a couple of years later she took out a stocks and shares Lifetime ISA. By 33, she had รยฃ40,000 saved - with รยฃ8,000 of it returns on her investments.
"I saved aggressively, and lived at my mum's for half of that time, so I could save as close as possible to the maximum รยฃ4,000 per year into Lifetime ISA," she says.
The civil servant from Cardiff used the money towards a house deposit earlier this year with her partner.
Only 26% of UK women invest, but that this falls to 23% for those under 45, according to a study by consumer finance website Boring Money.
In contrast, 41% of all men invest, which holds steady at 40% of those under 45.
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