Moreover, they are more likely to have difficulties handling day-to-day financial matters and short-term unexpected expenses. Almost one-third of workplace-only investors (30%) could probably or certainly not come up with $2,000 within 30 days if an unexpected need arose; this percentage drops to 12% for active investors, the report pointed out.
Data showed that women are more likely to be workplace-only investors and significantly less likely to invest in financial markets. They are four percentage points more likely to be workplace-only investors compared to men. However, women are 10 percentage points less likely to be active investors compared to men, the research found.