When it comes to understanding finances and financial behavior,a gender gap still exists between men and women. Although the galshave become greater players in economic marketplace, the guys stillhave the edge according to a study released today by the Filene Research Institute.

In “The Gender Gap: Troubling Financial Capability FindingsAmong Women,” authors Carlo de Bassa Scheresberg and AnnamariaLusardi, both of George Washington University’s Financial LiteracyExcellence Center, noted that despite increased workforceparticipation and improved understanding and management of personalfinances, women still lag behind me in key areas.

According to U.S. Department of Labor statistics, 58% ofAmerican women were working at the end of 2012, up from 44% in1972. In addition, private wealth in the U.S. will total $22trillion by 2020, of which half will be in the hands of women, thereport noted.