WOMEN’S RIGHTS advocates routinely lament the gap between men’s and women’s wages. But the gender gap in wealth may be just as troubling. According to the Boston Consulting Group, a consultancy, in 2015 women held just 30% of all global private wealth. The Survey of Consumer Finances, a poll of American households conducted by the Federal Reserve, shows that among single 60-year-olds, men are about twice as rich as women.
What is behind the housing gender gap? Some of it can be explained by market factors: women are more prone to buying in less promising markets and at inauspicious times. But the authors find that the biggest reason why women lose out lies in negotiations over price. Women are less likely to bargain down a home’s list price when buying, and tend to undervalue their own home when selling.
New home-buying technologies such as “i-Buying”, where firms use algorithms to value properties and make initial offers, could help narrow the gender gap in housing wealth. Until then, women can expect their retirement years to be a little less golden.
PLAISIRDSENS Interesting...
inb4 MRAs blame it on negotiating skills
In a single word: Discrimination! Men pretty much control everything related to One in this Country. Of the Ten Largest Banks on Wall Street; is there even One Woman CEO? Why is that? Likely; because Women are less likely to Steal! There is research to substantiate it.
No feces Sherlock, most women were at home 50 years ago. Not a statement to deride any gender, just the facts back then.
Women, some not all, have a much more agreeable disposition which is detrimental in closing a deal. They will agree to terms faster than the average man. Humor us and tell us how fast women close on housing deals as compared to men and the avg price point.
Why are women so bad with money?
How else can capitalism make profits without superexploitation of women workers? howcapitalismworks
Pseusoscience
Economic gender analyzes made in the 21st century should include other genres that are not just binary. I think everyone would benefit from a more just society economically and socially. But this is just a wish
Sex gap. Actually.
Wow I should start a business that buys and sells houses from women
“Given that Americans move house an average of 11 times during their lives” source? I find it hard to believe that people buy/sell a house 11 times in their lives. Moving 11 times seems more likely, but the study doesn’t refer to rent, only purchasing.
ekp Im making big gains in the thigh gap department