Khalil Parker and Deidre Downey have very little money in the bank, no savings for a down payment on the house they hope to buy and a 2-month-old baby. “We’ll sleep again someday,” Parker jokes. “Actually he’s a very chill little baby.” Parker, 33, and Downey, 32, have tiny balances in their retirement funds. Parker has student loan debt.
There has been debate over the years about whether men or women are better investors. Studies give women an edge over men with regard to investment performance. One recent study in particular is the Warwick (U.K.) Business School study of 2800 people that showed women outperforming both the market and their male counterparts. Several factors most likely account for this.