More than one-quarter (27.7%) of women aged 55-64 reported that they were 'confident' about their finances when they reach age 65.
Atlanta, GA (PRWEB) April 01, 2016
How do you feel about reaching the retirement age of 65? That’s what 3,530 women from various age groups across the United States were asked to share in a recent survey.
The National Financial Educators Council (NFEC) conducted a survey of women between the ages of 18 and 64. The online survey was designed to produce statistically significant results with a 99% confidence interval and a 5% margin of error. The survey goal was to assess the feelings that U.S. women at various stages of life have about their financial futures.
The survey asked women representing five different age ranges (18-24, 25-34, 35-44, 45-54, 55-64)* the following question: “Think about where you expect your personal finances to be when you reach age 65. How does thinking about that make you feel?” The goal of the question was to assess how women of different ages feel about their future financial health.
Complete results can be viewed at https://www.financialeducatorscouncil.org/women-money-survey
This survey was sponsored by LiSA Initiative, a powerful grassroots movement sponsored by First Financial Security, Inc. to address the financial concerns that women from all walks of life experience every day in this country. LiSA Initiative’s commitment to empowering people through promoting financial literacy aligns with the movement’s goal to help people make positive changes toward achieving financial wellness.
In one key survey finding, women between the ages of 18-24 reported the lowest rates of being ‘concerned’ about their finances; the biggest jump in concern (a 35% factor increase) was seen between the age segments of 25-34 (where 26.8% responded ‘concerned’) and those aged 35-44 (with 36.2% being ‘concerned’). More than one-quarter (27.7%) of women aged 55-64 reported that they were ‘confident’ about their finances when they reach age 65. This was the largest percentage of women above the 25-34 age group who reported being ‘confident’ about their financial futures.
This is the first gender-specific survey conducted by the NFEC and LiSA Initiative as part of a series of additional research that will explore financial attitudes and behaviors. Later studies will seek to explore the connections between attitudes/behaviors and levels of financial literacy.
- The respondent’s nearest city and demographic information was determined from the respondent’s IP address, browsing history, double-click cookie, and census data.
About First Financial Security, Inc. and LiSA Initiative:
A national brokerage agency, First Financial Security, Inc. (FFS) is a leader in providing financial services to meet the needs of all people and helping them achieve financial security and peace of mind. Partnering with some of the country’s leading insurance carriers, First Financial Security, Inc. equips, trains, and supports thousands of licensed field associates, who deliver innovative financial products to households across the country.
LiSA Initiative, a grassroots movement created by First Financial Security, is the financial literacy arm of FFS and is committed to ensuring people have access to a financial education. Through its partnership with the National Financial Educators Council and other organizations, LiSA Initiative is taking the lead in the fight to eliminate financial illiteracy in America.
First Financial Security, Inc. and LiSA Initiative are headquartered outside Atlanta in Norcross, GA, and are led by Co-CEOs Phil and Debbie Gerlicher and President Meg Jones.
About the National Financial Educators Council (NFEC):
The National Financial Educators Council (NFEC) is a financial education resource provider, industry advocate, and thought leader. The NFEC conducts financial literacy surveys, studies, and research and hosts think tanks around topics related to financial education. The objective is to gather empirical data and discover best practices to share with others in the financial literacy industry.