It goes without saying that few of us have been left untouched by the global economic crisis. Whether it’s a lost job, lost assets, or even a change in how we view asset allocation, most of us are climbing out of this deep recession altered in some way. But a new study by AXA Equitable Life Insurance has found something else: The financial crisis has perhaps had an even more profound effect on women than men.
To be sure, discussing the problems that women investors are having in comparison to their male counterparts can be a sensitive issue. This is especially true when we focus on baby boomers. This is, after all, a generation of women that has made serious headway in almost every facet of our lives: In education, in culture, in the corporate world and in politics—think of those “18 million cracks in the glass ceiling” that almost-president Hillary Clinton spoke about. So why then would these women be struggling more than men in the aftermath of the financial crisis?
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