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Dr Peter Jonason from the University of Western Sydney is an expert in personality psychology and individual differences. In three separate studies, the preferences of participants for mates with money, derived from a of sources — including work income, inheritances, windfalls, and even embezzlement — was analysed.


Women Who Want Money

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Posted July 6, Reviewed by Abigail Fagan. One of the most robust findings in evolutionary psychology is the observation that men and women differ in the characteristics they prefer in potential mates.

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Check out enhanced filtering on our job search Explore open jobs. Olen has written extensively on this.

But rather than treating the symptom, she explains, we need to look at the root cause. How can we close the gender pay gap in order to make real change?

And it [would be] much more helpful to explain how that works to people than just give them 10 tips on how to cut their grocery bill. Photo of woman managing finances courtesy of Shutterstock. Which ones have you believed?

Intrigued, I recently spoke with Olen about the myths surrounding women and money and what we as a society have been getting wrong about personal finance. She had followed all the rules—and was left with nearly nothing.

Understanding what women really want

They were never intended to be the main source of retirement income. So, why does this myth persist?

People who have less money generally take less risk. Myth 2: Women are Naturally Risk Averse Along similar lines, the financial services industry tells us that we need to be investing in higher yield, higher risk funds in order to have enough money for retirement.

Not true. In her book, Olen shares stories of individuals whose retirement savings plans were completely derailed by medical emergencies, unexpected unemployment often leading to early retirementor the simple fact that they outlived their savings. Why not?

Along similar lines, the financial services industry tells us that we need to be investing in higher yield, higher risk funds in order to have enough money for retirement. Even if they do invest the money properly, the financial services industry charges huge enormous amounts of money simply for managing these s.