Question 1 of 6.
Which of these statements about women’s relationship to finance is true?
1. Women are less confident about money than men are.
2. Women choose to pay for their purchases differently than men do.
3. Women are highly risk averse.
4. None of the above.
The latest research from Mastercard – conducted on 40,000 customers in 18 markets – found that all of these widely held beliefs about women and finances were myths. The study is being used to inform the new GBA-Mastercard Women By Design Partnership.
Question 2 of 6.
What percent of men believe there are no gender-related issues in their place of work?
Mercer found that 66 percent of men think there is no need for action on gender diversity and inclusion (D&I) in their workplace because there are no improvements that need to be made. Complementing this year’s Working Group and InBrief on the subject, GBA is partnering with Mercer going forward to build out a full suite of services that help members become employers of choice for women.
Question 3 of 6.
In which of these countries do women report a higher entrepreneurship rate than men?
The 2017/2018 Global Entrepreneurship Monitor found just 3 economies where women report equal or higher entrepreneurship rates than men: Ecuador, Vietnam and Brazil. However, the female entrepreneurs to male entrepreneurs ratio is up by 6 percent globally. You can find a link to view this report and many more resources that support Women’s Market work in the GBA Library.
Question 4 of 6.
What is the global opportunity of banking individual women who are currently unbanked?
In a 2018 report from the Women’s Financial Inclusion Data partnership, McKinsey & Company estimated the opportunity of banking unbanked individual women globally to be more than US$24 billion – with the greatest opportunity lying in Emerging Asia, at US$8.9 billion. If you’re wondering why the US$1.7 trillion number looks familiar, that’s the latest estimate from IFC on the global finance gap for women’s MSMEs.
Question 5 of 6.
Over the next four decades, how much intergenerational wealth will women inherit globally?
Women will inherit 70 percent of the US$41 trillion expected to transfer intergenerationally in the next 40 years, according to Boston College. What’s more, Fidelity Investments found that 70 percent of widows switch financial advisors within a year after their spouse passing away. Going forward, GBA will work with financial institutions to support their efforts to serve women investors – as explored at the 2018 Summit.
Question 6 of 6.
BONUS QUESTION: Where is the 2019 GBA Summit being held?
1. AXA Headquarters, Paris
2. Hogwarts School of Witchcraft and Wizardry, Scotland
3. Mountainside, Pompeii
4. What GBA Summit?
The 2019 GBA Summit will be hosted by GBA member AXA at their Paris headquarters from June 17-19. Keep up with us at the Summit Hub for all the latest details.
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