Women & Money
10 Mar 2015
A recent study by Fidelity Investments came to some startling results. The study was conducted over a 4 week period in October 2014 and focused on American women ages 18+ who were employed and had a qualifying retirement plan. Of the 1,542 women surveyed, 80% confessed to refraining from talking about their finances. However, 92% of the women surveyed stated they wanted to learn more about financial planning. Additionally, this study found that women don’t talk money with their friends. The study showed that women are more likely to about work issues, politics, and parenting than money issues such as salary, investments or spending. Click here for more information on the study.
Unfortunately, we see this same lack of communication about money between spouses. Divorce or death can leave one or both spouses to deal with the finances on their own. We believe it is important to empower both people in a relationship to educate themselves and be involved in the financial planning process before it becomes necessary. In the end, this will be helpful for everyone involved.
Jeffrey Johnston, ChFC
Investment Advisor Representative
Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Premier Investments of Iowa, Inc. are not affiliated.