Managing money can be an important part of a relationship, and a new study suggests women are increasingly taking the lead. The Huffington Post writes that the Fidelity Investments Couples Retirement Study found the percentage of women taking primary responsibility for day-to-day financial decisions rose from 15% in 2011 to 24% in 2013.
“I’m sorry” is good
Saying sorry can have positive economic consequences for companies according to behavioural economist Ben Ho blogging for Vox. He describes the outrage at CEO of General Motors Mary Barra’s 2014 public apology following its handling of safety issues and car recalls. But he writes research in 2004 found that publicly traded companies that admitted responsibility for bad earnings had higher share prices one year later than those who did not.
Who is most moneywise?
Germans are living up to their reputation of being moneywise, topping the league in a global financial literacy quiz recently published by Annamaria Lusardi. However, only 53% of Germans got a perfect score, revealing gaps in basic financial knowledge an article in The Atlantic says. The researchers write that the increasingly complex personal finance landscape makes financial literacy paramount.