Women, Money, and Power
Despite professional and financial gains, many women still feel insecure about their financial futures. View the study results and download useful checklists.
Despite women's growing status as primary breadwinner and household CFO, women still fear becoming a "bag lady." That was among the latest findings from the 2013 Women, Money, and Power Study from Allianz Life Insurance Company of North America (Allianz).
Since the financial crisis of 2008 – 2009, women feel more responsible for financial decisions than ever. Yet, more than 40 percent of women surveyed said they don't feel any smarter about how to manage their money than they did before the crisis.
The latest study also examined how women prefer to learn about finances, the emergence of "Women of InfluenceSM," and how family dynamics are shifting women's roles with respect to money and financial planning.
Despite their rising workforce participation and escalating income, it appears that American women still have major gaps and unmet needs when it comes to achieving comfort and confidence with money.
Our survey indicates new and changing social dynamics have made the so-called "typical family" anything but typical. As the definition and composition of families have changed, so has the "traditional female role" with respect to money and financial planning strategies.
These changes are creating new opportunities for financial services providers who better understand and better respond to the financial needs of women.
The results that follow represent the percentages of responses by women to respective question(s).
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• Not FDIC insured • May lose value • No bank or credit union guarantee • Not a deposit • Not insured by any federal government agency or NCUA/NCUSIF
Products are issued by Allianz Life Insurance Company of North America, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. In New York, products are issued by Allianz Life Insurance Company of New York, One Chase Manhattan Plaza, 38th Floor, New York, NY 10005-1423. Variable products are distributed by their affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297.
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