I came of professional age in the early '70's. I have always proudly identified myself as a feminist. I have worked and supported myself and my family for the past 38 years.
So, no, I don't generally think of women as stupid.
That is, until I read an article like this one. Where on earth did Wells Fargo find these women?
Even my eighth grade algebra (in which class I got a D+--that plus being for perfect attendance!) tells me that one cannot withdraw 11% a year from one's retirement accounts and expect it to last any time at all.
I'm a little more forgiving of women who think $200,000 in retirement savings is the minimum needed for a comfortable standard of living, though I fall squarely in the men's camp because my minimum goal has always been $400,000. (I'm a little over half way there, but I've also got another 8 years to accumulate funds.)
What IS encouraging is that women are more likely to ask for help. (What is it about that Y chromosone that makes men think they don't need to ask for assistance with anything, including driving directions?)
What I wonder is if we're going to take the advice when we get it.
My hope is that women are simply uneducated financially, NOT that they are less bright than men.
Who, in their right mind, thinks they can reduce their assets by 11% (never mind the 30% that a few posited!) a year?