In 1969, man landed on the moon, one of the most significant advancements for society. Yet, this was before women in the United States could own credit cards. Recognising the journey of women in finance—from early barriers to leadership roles today—underscores the resilience and potential of female investors. The future looks promising, with more opportunities for women to lead and shape the financial world.
Early barriers
For much of history, women were excluded from financial decision-making and investment opportunities. It wasn’t until the 20th century that they began to break through these barriers. In Australia, for example, women couldn’t even obtain a mortgage or loan without a male guarantor until the Sex Discrimination Act of 1984 started changing these practices.
Australian women leading the way
Margaret Helen Mittelheuser made history as one of the first female stockbrokers in the world when she joined the industry in 1964. Known for her keen analytical skills, she played a crucial role in advancing the finances of both local and state governments in Australia.
The impact of the women’s movement
The women’s liberation movement of the 20th century brought about crucial changes, giving women more financial independence. In Australia, the “Married Women’s Property Act” of 1884 in South Australia was a landmark, allowing married women to own and manage property in their own names and keep their own earnings. Similar laws soon followed in other states.
Modern milestones
Women have continued to break new ground in the financial world. Muriel “Mickie” Siebert, for example, became the first woman to own a seat on the New York Stock Exchange in 1967. In Australia, Lady Lucy Dudley was a notable figure in the early 20th century, contributing significantly to finance and philanthropy.
The rise of female investors
Today, women are not just participants but leaders in the financial industry. Companies and platforms now specifically cater to female investors, recognising the unique perspectives and strengths women bring to investing.
Challenges and the road ahead
Despite the progress, challenges like the gender pay gap still impact women’s investment capacity. However, with growing financial literacy and confidence, women are closing these gaps. Continued efforts to educate and empower women financially are key to creating a more inclusive investment landscape.
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This content is brought to you by Girls that Invest.