EQS-News: Berlin based tights label saint sass and Trade Republic join forces on International Women’s Day to raise awareness for the importance of female retirement savings.
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Berlin based tights label saint sass and Trade Republic join forces on International Women’s Day to raise awareness for the importance of female retirement savings.
Issuer: Trade Republic Bank GmbH / Key word(s): Miscellaneous/Study results Berlin based tights label saint sass and Trade Republic join forces on International Women’s Day to raise awareness for the importance of female retirement savings. 08.03.2024 / 06:30 CET/CEST The issuer is solely responsible for the content of this announcement.
Through their campaign, the two Berlin based companies aim to encourage women to start their private retirement planning journey. According to the Federal Statistical Office in Germany around one in five women over 65 runs the risk of living in poverty. However, Trade Republic data shows that women achieve on average a 2% higher yearly return than men in 2023. One reason is that women diversify their portfolios more broadly, by holding 23% more assets in ETFs compared to men. In addition, women are 10% more likely to invest through a savings plan. But Trade Republic's analysis also highlights challenges: women typically start investing in the capital market two years later and with 30% less capital than men. "At Trade Republic we see a new generation of confident young female investors starting to invest for the first time with us. Yet, there is much to do. The pension gap is especially burning for women as they traditionally receive less pension from the state. Yet, we recognize that women are more successful investors, because they typically follow a more long term and diversified investment approach. Therefore, we want to encourage millions of women across Germany to trust themselves and start their savings journey”, says Trade Republic’s Co-founder Christian Hecker. The initiative will go live from March 8th, 2024 with its own website dedicated to female investing. The limited statement tights "RETIRE RICH" will be exclusively available on saintsass.com.
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seiStark e.V. advocates for women in need. The cornerstone of our work is our mentoring program “Zusammen STARK”, where we pair women with our “STARKmacherinnen”. They provide long-term and individual support to help women resolve their challenges. Our STRONG makers accompany women on their journey towards a self-determined life. Additionally, this work is complemented and supported by numerous projects of our association. Let’s work together to ensure that social background, discrimination, and personal setbacks do not impede the path ahead. Help us enable as many women as possible to lead self-determined, independent, and happy lives. Further information at www.seistark-ev.de .
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