NEW ZEALAND WOMEN are leading change and building the wealth of communities and companies nationwide. But we are not growing our personal wealth. We have lower financial literacy* and drastically lower net wealth** than men, despite living longer.
We want to make investing and financial literacy a priority for women. We aim to:
Smash the taboo of talking about money.
Share the knowledge of the most experienced and successful women in the finance industry.
Decode financial jargon to make investing accessible.
Empower each woman with the knowledge and confidence to make investment decisions independently.
*A New Zealand study conducted by Colmar Brunton in 2013 for the Commission for Financial Literacy and Retirement Income found that of 32% of women surveyed had "low" financial knowledge compared to 26% of men, 31% of women had "medium" knowledge compared to 33% of men, and 38% of women had "high" knowledge compared to 41% of men. See https://www.cffc.org.nz/assets/Documents/FKBS-2013-Financial-Knowledge-and-Behaviour-Survey-11-06-2013.pdf
**The average (a calculation affected by very wealthy outliers) net wealth of women is $264,000 compared to $332,000 for men according to Statistics New Zealand Household Net Wealth Statistics (year ended June 2015), Table 5.01. However, it is hard to distinguish how much of this 22% difference in average wealth is due to investing as opposed to salary or spending related causes.