Should Moms Manage the Money?

A new book makes the case that women should model financial skills for their children — and many will need those skills someday because they are likely to outlive their husbands. Why? First, women tend to be better investors. Studies have shown that men have a bit too much confidence and take a bit too much risk. ... Second, when mothers are the money leaders in the household, children take notice. ... Finally, many women will have to be in charge of the money sooner or later, so having some experience as the primary household money manager is essential. ...