The UK’s gender investment gap has widened as more young men choose to invest while women hold on to cash due to a lack of confidence, according to a survey.
Investment research house Boring Money found the gender investment gap rose by £54bn to £567bn between January 2023 and January 2024. Men have £1.01tn invested versus £450bn for women. The figures include personal investments but exclude workplace pensions.
The difference has grown due to more men between the ages of 25 and 44 putting their money to work for the first time compared with women in the same age bracket, according to the study, which questioned 6,486 adults across the UK. Young women also tend to be more risk-averse and less confident about investing than their male counterparts.