Women and poor not as financially literate

Singapore

WOMEN and the poor are not as well versed in basic financial concepts, according to a recently published global survey by Standard & Poor's on financial literacy. In Singapore, 67 per cent of men surveyed got three out of four topics in the survey correct, which is defined as the threshold for being financially literate.

Just 52 per cent of women did so. The 15 percentage point gap here was one of the largest in the world.

The gender gap in financial literacy has shown up before…