More young women consider cryptocurrency as the way of the future when it comes to saving
More young women consider cryptocurrency as the way of the future when it comes to saving

More young women consider cryptocurrency as the way of the future when it comes to saving

Zara

6 min
Business & Finance
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<p>Young women priced out of booming housing markets should adhere to some fundamental risk management guidelines while moving up the risk curve to purchase crypto.</p> <p>Young female investors are increasing their risk tolerance in order to accumulate wealth and avoid surging house prices, mortgages, stagnant salaries, and weak employment growth.</p> <p>Katie Ware, 25, is one of an increasing number of female investors who initially set their sights on real estate as their ultimate investing aim. She is presently involved in cryptocurrency speculation.</p> <p>"The last 18 months have greatly impacted my ability to purchase a home before I turn 30," she says. "At first, I invested little amounts out of fear of missing out on a new technology wave, but I've since realised that bitcoin can be a long-term means to build my wealth, and so my investments have increased."</p> <p>Diversified investments</p> <p>Young women are becoming an increasingly attractive target for riskier investing goods and services, as businesses capitalise on their growing financial independence.</p> <p>However, many women under the age of 25 currently have less money to spend. This demographic has had a 17% decline in full-time employment since January 2020 – roughly three times the rate experienced by males of the same age and much higher than any other age group or gender since the epidemic began.</p> <p>Between September 2019 and September 2021, part-time and full-time work numbers indicate that women under the age of 25 have been mostly excluded from the intermittent employment recoveries in and out of COVID-19 lockdowns, according to the September quarter Financy Women's Index.</p> <p>In terms of reaching financial gender equality, the Financy Women's Index indicates that while women's achievements have improved, the underlying data indicates that the improvement is not genuine and that young women continue to face significant disadvantage. The index increased by 2% to 73.6 points in the September quarter, up from 72.2 points i

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More young women consider cryptocurrency as the way of the future when it comes to saving - Listen Free | WowFM