A study from Prudential Financial Inc. was released in August, called "Financial experience and behaviors among women." This is the fifth study on women and investing done by Prudential in 10 years.
The study found some good news for women as 95 percent of the respondents said they are directly involved in financial decisions and a quarter are the primary decision-makers. Even better, 84 percent of married women say they are involved in retirement planning, with 15 percent solely responsible for household retirement planning.
Historically, many women would leave the financial planning and investing decisions up to their husbands. They would then need to learn about finances as elderly widows, after their husbands -- usually the chief investment officer of the home -- had passed on.
Luckily times have changed; unless my husband was Warren Buffett, I'm not sure that I would trust him entirely with our finances.
Unfortunately, women still have some ground to cover when it comes to investing confidence. Fewer than two in 10 feel very prepared to make financial decisions.
Who makes the investing decisions in your household? Are responsibilities split or does one person specialize in managing the household finances?
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