Gender Disparities: The Financial Impact of COVID-19 for Women
Are women at an increased risk of experiencing a greater negative financial impact from the coronavirus pandemic?
“The coronavirus and its economic consequences threaten to wipe out progress on gender equality at work as women are at greater risk of losing their job, more likely to be exposed to infection, and [more likely to] take on the burden of unpaid care,” according to the United Nations’s International Labour Organization, IOL.
When it comes to the preparation for retirement, women have always been in a far distant second place compared to men. During a recent interview with Financial Advisor magazine, Michelle Connell explained why COVID-19 has put the fairer sex at an even larger disadvantage for retirement, citing reasons such as increased responsibility for care and schooling of their children and more time spent caring for health of aging parents.
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About Portia Capital Management
Michelle Connell, CFA is the President and Owner of Portia Capital Management, LLC, the only Registered Investment Advisory firm in DFW to be founded by a female CFA. Ms. Connell is one of the highest-rated finance professors in the United States, currently serving as an adjunct professor at The University of Texas in Dallas and teaching the CFA Review for the DFW CFA Society. Ms. Connell works with her students and private clients to understand the value of crafting a portfolio that includes conventional products as well as alternative assets, including private equity, private debt and real estate, and allows investment portfolio creation with greater downside protection and more consistent returns.