Men and women investors are equally worried about the upcoming presidential election, but they tend to stress over different things. Learn more.
Men and women investors express equally high levels of concern over the upcoming general election, but they stress over different issues, according to the latest monthly survey from Millionaire Corner.
More than 30 percent of both male and female investors surveyed in September said they were “very worried” about the upcoming election, ranking themselves at the top of a sliding 10-point scale, with one signifying “very worried” and 10, “not at all worried.” Another 40 percent of both men and women investors ranked their level of concern as a “two” or “three.”
What’s behind these high levels of concern? Depends on your point of view. Men and women are equally likely to fear that the election will fail to resolve issues surrounding the fiscal cliff, but women express higher levels of concern about the political outcome of the election and the impact the results will have on financial markets. Close to half (49 percent) of women say they are worried about the possibility of their candidate losing, a concern shared by 42 percent of men. Women also express a greater fear of a stock market crash following the election, according to our survey of more than 1,200 investors from a range of wealth levels.
Election issues also carry varying weight for men and women investors, who give differing priority rankings to a range of national problems. And, while both men and women rank the national economy as the most important factor influencing their vote, women express a slightly higher level of concern over the economy. The national debt looms as a more serious issue for men, who rank the debt as their second most pressing concern. Women appear more concerned about healthcare and give the issue second ranking. Unemployment, social issues and taxes are rated as slightly more important by women investors.
Elevated concerns among women investors may reflect their largely pessimistic view about their own financial situation. More than half (54 percent) of women investors surveyed in September answered “no” to the question, “Do you think you are better off financially than you were one year ago?” Men investors gave a significantly more optimistic response with 55 percent reporting they felt better off compared to last year.