Home World Financial business bears a loss of 700 Billion Dollars by neglecting female...

Financial business bears a loss of 700 Billion Dollars by neglecting female power

It is quite believed that the financial industry is more male-dominated, and it overlooks women and their needs that lead to missing out in revenue of around 700 Billion Dollars per year. The industry fails to counter to the needs of female customers or create financial products for women, which leads to a cost incurred unobserved, according to a management consultancy firm.

Jessica Clempner, a leading writer has reported that women are undoubtedly one largest group of clients that are being under-served or are less assisted in financial assistance services. By neglecting the female clients, these firms are losing income on the table. The products these firms sell are supposed to be incorporated by both the genders, but actually they turn out to be fulfilling men’s needs. The financial products all over the world are constantly being designed for men, neglecting the women’s financial needs, the reports claim.

A management consultant reports that females also tend to possess much of their assets and possessions in the form of cash instead of instrumental securities like stocks and bonds, that can yield 25b Dollars in fees.

Recently, leading companies Apple Incorporation and Goldman Groups Inc. were also found debating the same issue about why lenders allow discrimination in their policies. Whether they do this gender discrimination intentionally or unintentionally.

It has also been reported that these issues are heightened because of the lack of females in the upper financial management. Only 20% of financial executives are female worldwide.

Stay Connected

2,203FansLike
665FollowersFollow
3,434FollowersFollow

Must Read

Saudi Women Are Finally Getting Chance To Learn Golf For Free

Saudi women are finally getting their hands on golf. Golf continues to be a male-dominated game but Saudi women are breaking the barriers. Women...

Related News

M 7.0 Earthquake Hits Turkey And Greece

A 7.0 magnitude earthquake has hit Turkey and Greece on Friday afternoon. The earthquake has destroyed at least 20 buildings in Turkey. People in and...

This 19-Year Old Space Enthusiast Soon Become The First Person To Set Foot On Mars

Alyssa Carson is an American space enthusiast who believed that she was born on planet Earth with the mission to be one of the...

Netizens Calls For Action After Students Harassed In Karachi University’s Premises

Netizens are demanding prompt action after a shocking incident involving the harassment of students within the premises of Karachi University surfaced on social media. The...

Chinese Vlogger Dies After Her Abusive Ex-Husband Sets Her On Fire During Live Session

A Chinese Vlogger Lamu has lost her life after she was doused in petrol and set on fire by her abusive ex-husband. Lamu was...

Houston Girl’s Fate Could’ve Been The Same As Breonna Taylor As Police Flood Her Dorm Over False Report

17-year old Christin Evans could have had the same fate as Breonna Taylor as police barged into her dorm with guns drawn over a...