“You might think that women who leave money management up to their spouses is a 1950s stereotype, but according to a recent report from UBS Global Wealth Management, more than half of women today still defer to their male partners when it comes to money. And, surprisingly, the stats are even greater for younger women: 56 percent for those age 20-34 versus 54 percent for women over 51. It may be a habit that we’ve unconsciously passed from generation to generation, but it’s one that needs to be broken,” according to Carrie Schwab-Pomerantz for Charles Schwab.
Lack of interest, financial habits, false assumptions, financial infidelity and abusive control were all cited as contributing to the number of women who let their significant other handle the family finances.
Source: https://www.schwab.com/resource-center/insights/content/you-trust-your-partner-with-your-love-what-about-your-money?cmp=em-QYB
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