Women are generally happy with men taking the lead in financial matters – until retirement, when they become significantly more worried about their finances, says a survey by UBS Wealth Management Americas. The survey finds that while women are engaged in broad wealth management decisions, they do not take as active a role in actual investment decisions. In heterosexual households, couples tend to divide financial decisions along gender lines, the report says, with men taking responsibility for investing, long-term planning, and insurance. Women are more likely to manage day-to-day expenses and charitable donations. The survey also found that 50 per cent of couples say they have differing risk tolerances, with the majority of women significantly more conservative than men, which makes long-term planning and investing more challenging.
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