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If women are kept away from financial decisions by assuming they cannot handle risk, what bias is this?

Answer and explanation

Correct answer: Gender bias in financial decision-making

Assuming that women are less able to understand or manage financial risk solely because of their gender is gender bias in financial decision-making. It ignores an individual’s actual knowledge, experience, and competence. Complete financial inclusion is the opposite: it ensures equal access and participation in financial decisions. Exam tip: When ability is judged on the basis of gender rather than evidence, identify it as gender bias or gender stereotyping.

Related tags

Gender BiasFinancial Decision-MakingWomen's Financial AgencyGender StereotypingWorkplace EqualityGender Issues Related To WorkWorkLivelihood And CareerWork Livelihood And Career

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