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From budgeting to investing to spending, men and women often have different approaches
to managing their money. Despite their different styles, both sexes need help managing
their finances. The following facts, gathered from independent third-party sources,
reflect the current state of finances in America.
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Women, ages 26-39, are spending more money than they are saving. |
| --Oppenheimer Funds, Inc. |
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Sixty-two percent of women polled in a recent study gave themselves a C-grade or lower in regard to knowledge of financial products and services. Only one percent of the polled women gave themselves and A-grade. |
| --Prudential Financial |
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Nearly 8 in 10 women polled by Prudential Financial said they would depend on Social Security in their golden years. |
| --Prudential Financial |
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Men are less likely than women to seek retirement planning help. |
| --New York Life |
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Approximately one in three U.S. adults who are married or living with a partner disagree about finances at least once a month, while 10 percent disagree about finances once per week. |
| --A.G. Edwards |
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Eighty-seven percent of the impoverished elderly are women. |
--National Center for Women and Retirement
as reported in The Modesto Bee |
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Americans owe more than half a trillion dollars in credit card debt. |
| --The Motley Fool |
About Achieve Financial Independence Week™
Created by Stowers Innovations, Inc., and supported by American Century Investments, Achieve
Financial Independence Week™ helps raise Americans’ awareness of their own spending and
saving habits, and provide people of all ages with the strategies and information they need
to achieve financial independence. For more information, visit
www.afiweek.com.
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Media Contact:
Tricia Jaworski
For Stowers Innovations
913-660-9659
tjaworski@morningstarcomm.com
Get a PDF version of this page here.
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