Women Say They're Ready to Put Their Money to Work for Them
For decades, we've been hearing about an "investment gap" between males and females. And while it still exists, a whopping 72 percent of women in a new survey by Fidelity Investments said they're ready to make bolder moves in the coming months - including investing more of their savings. "Women tend to be the CFO of their household," says Kathy Murphy, president of personal investing at Fidelity. "They tend to pay the bills, they tend to make 80 percent of the purchasing decisions. This (investing) can be part of it." The point about investing more of savings is crucial. While 44 percent of females polled for the firm's "2018 Women and Investing Study" were currently putting their money to work in the market beyond just retirement accounts - that compares to 59 percent of men -more than a third of all women reported having $50,000 or more still sitting in checking and savings accounts that pay a pittance in interest. And that third