FINANCIAL literacy is vital to help safeguard women against vulnerability in their senior years or in the event of a marriage breakdown, according to a local financial adviser.
Harvest Wealth director and senior financial adviser Lyn Heaysman said the HILDA results echoed her experience working with many women clients.
“I can be dealing with the most professional of women and they tend to have less knowledge about finances, retirement and savings,” Ms Heaysman said.
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