We're not saying that all women are better investors than all men. But there is intriguing data that suggest that women, on average, tend to follow the investing playbook (which we'll outline at the end of this story) just a little more faithfully than men, often with good results.
Are Men or Women Better Investors?
Judge for yourself:
1. Women are a little more likely to join the plan
Women who earn between $30,000 and $100,000 are more likely to join their workplace retirement plan than are men in the same income range, according to How America Saves 2009, a report on Vanguard 2008 retirement plan data.*
For example, 82% of women earning $50,000 to $74,999 had joined their plan in 2008, the latest year for which there are statistics, compared to 73% for men.
It's not a given that women always join in larger numbers than men. Among those earning either less than $30,000 a year or more than $100,000, for instance, men are a bit more likely to sign up for the retirement plan.
Still, at most income levels measured, women have a slight edge in retirement plan participation over men.
Are Men or Women Better Investors?
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