A crisis of confidence
In 2021, 75% of women said they had ‘low’ or ‘average’ self-esteem.1 This isn’t a new problem – how often do you hear your own friends confess that they’re not good with money? This phrase may be said without much thought, but its impact can take a toll on both your financial and emotional well-being, by preventing you from having financial independence or hindering the ability to plan for the future.
This crisis of confidence can also be damaging when it comes to income protection. Women are the breadwinners in a growing proportion of UK households. In almost a third of homes, they earn the same as or more than their male partners.2
However, many aren’t used to seeing themselves as the one who ‘brings home the bacon’, and sometimes that means high-earning women don’t fully recognise their value both to their businesses and their families. That’s why income protection is an important consideration for female entrepreneurs in giving you peace of mind, whatever comes your way.