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Currently, 65% of Gen X women and 70% of boomer women invest in the stock market.
Its great to see more Gen X and boomer women investing and making the most of their money.
There are a lot of reasons that can explain this increase.
Theyve reaped the benefits of increasing incomes and now have money to invest.
Women tend to live longer than men, which means theyll need more funds to sustain their retirement.
They also have higher healthcare costs throughout their life, including in retirement.
How can investing in the stock market help Gen X and boomer women build their wealth?
Historically, stock market investments have typically offered higher growth potential than keeping money in cash.
First, Id say great job getting started!
As a first step, Id recommend clearly outlining what youre investing for.
By answering this question, youll be able to make smarter decisions about your investments.
Then, make a game plan.
This will help you decide which investments are best for you and your goals.
Once you choose your investments, keep monitoring and checking in on your investment plan.
I would also recommend thinking about working with a financial professional.
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