BMO Study: Mothers Are in Charge of their Household Finances...But Are They Taking Charge of their Retirement?
- BMO study finds that more than 80 per cent of women act as "Chief Financial Officers" of their households - Women's wealth increasing by 8 per cent a year in North America - However, men are still more likely than women to hold investments, have financial plans, and be more financially prepared for retirement - BMO offers advice to mothers (and all women) on how to become more savvy with their finances
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 05/10/12 -- As Mothers' Day approaches, BMO advises Canadian women to take control of their growing wealth to ensure they are well prepared to deal with significant life events such as marriage, home ownership, children and retirement.
Canadian women are controlling an increasing amount of wealth:
However, despite this financial clout, women are still less confident than men about their finances. A recent report from the BMO Retirement Institute found that:
"It's great news that women are controlling an increasing amount of wealth in Canada and are key decision makers for household finances," said Tina Di Vito, Head, BMO Retirement Institute. "However, it's also clear that women need to become more confident with managing their finances and preparing for life events such as retirement."
Ms. Di Vito added that, for women to be able to take charge of their retirement, they need to be actively engaged in their personal financial matters. This includes having a financial plan, an investment strategy and a financial professional who can help map everything out.
BMO's Tina Di Vito offers advice on how women can increase their level of financial preparedness:
For more information on saving and planning for retirement, please visit .
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(i)Source: Boston Consulting Group
Contacts:
Media contacts:
Amanda Robinson, Toronto
416-867-3996
Sarah Bensadoun, Montreal
514-877-8224
Laurie Grant, Vancouver
604-665-7596
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Datum: 10.05.2012 - 10:03 Uhr
Sprache: Deutsch
News-ID 144902
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TORONTO, ONTARIO
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Commercial & Investment Banking
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