Women entrepreneurs typically have a lower level of financial knowledge than men.
155
Women entrepreneurs typically have a lower level of financial knowledge than men.
/en/toolkit/understanding-biases-and-stereotypes/40-myths-or-facts/155-women-entrepreneurs-typically-have-a-lower-level-of-financial-knowledge-than-men
Fact
In general, the level of financial knowledge among women entrepreneurs is below average.17 Women tend to not do as well on financial knowledge assessments.18 Low financial knowledge also impacts aspiring women entrepreneurs since studies show that they typically have less financial literacy awareness compared to men.19 However, this low level of financial knowledge among aspiring women entrepreneurs disappears once they have acquired more experience and realize that they do have the necessary financial knowledge and skills.20 Tool 7.2 delves into the issue of women entrepreneurs’ financial knowledge and skills.
In general, the level of financial knowledge among women entrepreneurs is below average.17 Women tend to not do as well on financial knowledge assessments.18 Low financial knowledge also impacts aspiring women entrepreneurs since studies show that they typically have less financial literacy awareness compared to men.19 However, this low level of financial knowledge among aspiring women entrepreneurs disappears once they have acquired more experience and realize that they do have the necessary financial knowledge and skills.20 Tool 7.2 delves into the issue of women entrepreneurs’ financial knowledge and skills.
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