With inclining inflation rates, the cost of living is becoming higher and affordability lower. Prices in the U.K rising by over 5.5% yearly, is a bad weightage with the maximum rate on saving accounts being under 1 %. A study shows however, that the average stocks and shares ISA fund returned nearly 7% between 2021 and 2022. This is impacting women heavily as the decrease in value of cash which is what women prefer over investments which men are very proactive with is becoming difficult and increasing the gender investment gap. Men invest double than women, and with there being a gender pay gap as it is, it seems men are able to put more money into savings accounts and thus save and invest more,
What do you believe should be done to help repair this?