No my statistical evidence says that a large majority of the country is financially illiterate. By further deducing that evidence that really the only sector of the country that is financially literate as a whole are people with a background in accounting/finance of course not all but as a group most are). Now take the percentage of stay at home moms that have that background (which is going to be low because of their earning potential) and you can reasonably infer that most stay at home moms are not active investors.

I'm certaintly not saying that stay at home moms can't be active investors or know what they're doing. Or that they don't have a hard job for that matter, but I've provided reasonable evidence that most mothers that stay at home are not going to be savy in investing by statistics and using deductive reasoning.

You on the other hand said you know 25 women that are so I am completely wrong.

See the difference there.

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Posted by baldona

Florida

Member since Feb 2016

20648 posts

Posted on 7/23/17 at 8:15 am to Mingo Was His NameO

quote:
No my statistical evidence says that a large majority of the country is financially illiterate

Basically half the country doesn't pay income taxes because of their income level, that's not who I'm talking about so come on. I'm not talking about Jim bob and sue ann in the trailer park getting divorced or someone in the hood, I'm talking about the top 40% or so of income earners who actually have a chance of retirement on their own without government assistance.

So yes, your statistics are off base completely for anyone that has a legit hope and want to retire.

Again, I'm talking about mostly the top 15-20% here. I'm talking about people worth millions in their 60s who divorce and the man has $2 mil plus in retirement, then they have something like another $1 mil net worth they share, and the women has virtually nothing in her own name.

It's crazy for these women to have to go back to working some assistant type of job for $10/ hour to scrape by until their divorce is final.

I just don't understand that? It's one thing to depend on one income for current income, but long term financial planning should include surviving without the other spouse which includes life insurance.

This post was edited on 7/23/17 at 8:17 am

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