As women juggle the nuances of day to day finances like credit card payments and banking statements, it can be difficult to find the time and resources to tackle the many complications of long term financial security and retirement planning.
A brand new study, Financial Experience and Behaviors Among Women, takes a look at the financial attitudes, perceptions, goals and confidences of women – revealing what women are most and least confident about when thinking about their financial security.
Some of the key findings include:
44% of women –almost half-- are primary breadwinners, and 27% of married women now say they take control of finances and do it themselves (up from 14% in 2004)
Since 2010, attitudes seem largely to have stabilized to levels prior to the financial crisis. Those worried about protecting investments from volatility have shrunk the most, to 75% from 94%.
75% of women say having enough money to maintain their lifestyle throughout retirement is very important, but only 14% are very confident they will meet that goal: a confidence gap of -61.
Gen X women are least confident in their financial future (only 50% vs 60% of Millennials, and 65% of Boomers.)