- Two-thirds of women agree that women cannot rely on a spouse to handle investing. Consistent with that finding, 57% of women respondents say they handle major investment decisions and
retirement planningthemselves. And almost as many (55%) say they are the ones to research new investing or retirement ideas.
- The majority of households surveyed responded having at least one non-traditional element (i.e., single mother, same-sex couple, parent or adult children in the home), creating new demands and new roles for women.
- Almost a third of women who have chosen to live with a partner without being married are in a same-sex relationship. Among women in same-sex couples, 22% have children under 18 living at home. Overwhelmingly, 80% of these same-sex couples say that their non-traditional family structure creates a whole new level of need for financial awareness.
- Nearly two-thirds (62%) of women express strong interest in learning more about finances and retirement planning.
- Women continue to believe that the financial industry, as a whole, is oriented more toward serving men. A majority of women – 62% – still do not have a financial professional. And a vast majority find most financial information hard to understand and dull.
- Women who responded to the survey tend to prefer a more social way of learning financial information. This includes learning in a group with others of similar life experience (divorce, widowed, same-sex relationship, etc.).