Financial myths concerning women and money Now that I have shared the reasons I believe financial education is so important for women, let me talk about some common myths about women and money. Myth 1: Women focus on nonfinancial household roles while men deal with the finances.
This myth is based on the notion of a division of household responsibilities that assumes women have no role in important financial decisions. In truth, women have long had substantial responsibility for family finances. Marketing polls and survey data indicate that American women have a large role in consumption decisions undertaken by the typical household in today’s consumer markets.