Millennial Women Are Letting Men Take Care of the Money
- Nearly 60% leave financial planning to spouses, UBS finds
- Younger women defer investing decisions more than older women
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Marielle Schurig spoke to a group of women at a wellness event at Lululemon Athletica Inc.’s store in New York’s Flatiron district, after they’d sweat it out together in a yoga and circuit-training class. Following her remarks, attendees lined up for an hour to talk to her about their finances.
The women told Schurig, 31, an account vice president at UBS Financial Services Inc., that they let their spouses or partners decide on money matters. Despite investing hours in self-care, many of the self-proclaimed feminists admitted that they had taken a back seat in their own financial affairs.