Financial Planning and Investing: Women Closing the Confidence Gap

Since the start of the pandemic, women have become more involved in their financial futures.

Female financial advisor working with a female client
(Image credit: Getty Images)

When it comes to personal finance, at least one good thing has come out of the pandemic: Women are becoming more focused on their financial futures. In Own Your Worth 2020, a survey on women and money from UBS, 63% of women said that COVID has affected how they think about money, and they’re more likely to discuss issues such as financial reviews and investing with their spouses and children. In a study by Fidelity Investments, 67% of women interviewed said they are more engaged in managing their money and have expanded their efforts to help shore up their finances. And attendance is up at women’s investing events on Meetup, the online networking site, with 150 groups focusing on women and investing.

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Janet Bodnar
Contributor

Janet Bodnar is editor-at-large of Kiplinger's Personal Finance, a position she assumed after retiring as editor of the magazine after eight years at the helm. She is a nationally recognized expert on the subjects of women and money, children's and family finances, and financial literacy. She is the author of two books, Money Smart Women and Raising Money Smart Kids. As editor-at-large, she writes two popular columns for Kiplinger, "Money Smart Women" and "Living in Retirement." Bodnar is a graduate of St. Bonaventure University and is a member of its Board of Trustees. She received her master's degree from Columbia University, where she was also a Knight-Bagehot Fellow in Business and Economics Journalism.