In this file photo taken on January 09, 2019 the "Fearless Girl" statue stands facing the New York Stock Exchange (NYSE) in New York. AFP / Johannes EISELE
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To do so, the 38-year-old turned to one of a growing number of groups run by women, for women -- to help bridge the gender gap when it comes to investment.Women are significantly less likely to invest in the market than men: based on studies from 2016 and 2017, the micro-investing app Acorns found 57 percent of women don't invest at all, versus 44 percent of men.Confidence is key: 61 percent of women in the Acorns study felt they had a low level of understanding when it came to investing, compared to 43 percent of men.True and Packard are far from alone: only 27 percent of women feel their education prepared them to manage their own finances (versus 35 percent of men), according to the Acorns study.The women's investment advising company Ellevest estimates that over a 35-year period, lower investment can cost anywhere from about $270,000 to more than $1 million, according to projections based on average salaries and standard asset allocation strategies.
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