Women and finances

It’s time to take charge of your money!

Many women do not take care of their finances - this could make them poor in old age at the latest.

(Bild: stock.adobe.com/Tierney - stock.adobe.com)

A woman and her own bank account: That should go together - the reality is often different. Two experts give tips on how women can better protect themselves and prevent poverty in old age. As a woman, you should also have the confidence to build up assets - you should know the opportunities and risks.

Last year, women working full-time earned 18.8 percent less than men in the same profession. This not only means a lower income, but also little scope for capital accumulation and a lower pension, which can lead to poverty in old age. Andrea Jobst-Hausleithner from the Autonomous Women's Center Linz cites "career breaks and financial dependence on a partner" as major financial traps for women.