Women and Money: Checkpoint 1

Quick checkpoint - five questions on women's money challenges, independence, career breaks, stridhan and investing.

Quick checkpoint - five questions on women’s money challenges, independence, career breaks, stridhan and investing.

Question 1 of 5 Why do women often need retirement savings to last longer?

They retire earlier by law They tend to live longer on average They pay more tax Pensions are banned for women

Longer life expectancy means savings must stretch further.

Question 2 of 5 What is a key first step toward women's financial independence?

Avoiding all banks Having a bank account and savings in your own name Letting others manage all money Only buying gold

Own accounts support saving, receiving benefits and building credit history.

Question 3 of 5 How many weeks of paid maternity leave does India's 2017 law provide in eligible establishments?

6 weeks 12 weeks 26 weeks 52 weeks

The Maternity Benefit (Amendment) Act, 2017 extended leave to 26 weeks.

Question 4 of 5 Who legally owns stridhan?

The husband The in-laws The woman herself The government

Stridhan is a woman's absolute property.

Question 5 of 5 What did studies by Barber and Odean find about women investors?

They traded more and earned less They traded less and earned slightly better net returns They never invested They only bought gold

Overtrading hurts returns, and women tended to trade less.

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