Loans.org Analyzes Gender Discrimination in the Financial Industry
RANCHO CUCAMONGA, CA, January 31, 2013 /24-7PressRelease/ -- In an exclusive interview with loans.org, Kathleen Burns Kingsbury, author of "How to Give Financial Advice to Women" and founder of KBK Wealth Connection, said that women are set to continue expanding upon their economic status in society.
Currently, women are responsible for 80 percent of consumer-buying decisions, but they are sometimes misunderstood or misjudged by financial advisors. Kingsbury said the most surprising find from her recent book's research was a disconnect in communication between financial advisors and female clients.
"It wasn't that the financial advisors weren't listening but they were listening in a different way," she said to loans.org.
According to Kingsbury, 80 percent of financial advisors are male. She said their male neurological and societal upbringing makes them want to immediately solve any issues, whereas women want to talk beforehand.
"Men listen to fix problems...They are really into 'fix-it' mode. Women want a conversation and a dialogue before they jump into problem solving," she said. "Neither is right or wrong, but they are different."
Other financial experts spoke with loans.org about their methods to ensure women's voices are heard.
John-Paul Valdez, a personal financial expert for Pearl.com and former financial radio talk show host, told loans.org that he wants to approach all of his clients fairly because anything else is "essentially discrimination."
At these large financial organizations, Valdez said there is a lot of prejudice against women because "it is a boy's club."
"It is built in our society as though women don't know anything about finance, which is absurd," he said.
Additional articles, interviews, news and frequently asked questions about the personal finance industry are available at http://loans.org/personal.
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Loans Org, LLC is the parent company of loans.org, a leading lending authority website that covers financial news, produces informative articles, and answers frequently asked questions. In addition to providing lending-related information, loans.org also hosts a variety of free online application forms for prospective borrowers to use when applying for loans.