48% of women in Germany view financial independence as important or very important. Yet the pandemic has been leaving its mark on people’s wallets – not least among women, as shown in a new infographic from Kryptoszene.de.
Last year, 31% of women stated that they had a “good to very good” knowledge of finance. The figure this year is as high as 41%, as shown by data from a survey conducted by YouGov on behalf of Clark. Theory is one thing, but practice is another.
Women had an average of €517 less per month at their disposal as a result of the pandemic. As a result, 24% fewer women made investments compared to before the pandemic. During the same period, stock exchanges experienced record levels of new registrations, with the shareholder ratio rising from 29% to 34% in the space of one year, as shown in the study “Aktion pro Aktie.”
Women Succeed on the Stock Exchange
The wealth gap has been widening in recent years. While women in Germany had on average 26% less wealth than men in 2008, by 2020 the disparity had grown to 41%.
As shown in the infographic, this is by no a result of poor investment strategies – in fact quite the opposite. According to data from ING Germany, female investors achieved average returns of 24.1% in 2019, while men came out with an average of 23.5%.
