Skip Nav
3 Free Ways to Do Your Taxes
This Woman Ditched the Corporate World to Start Her Own Monthly Box For Book-Lovers
How to Move Beyond Your Administrative Assistant Role

Women Lack Confidence in Financial Decision-Making

Women May Be Selling Themselves Short

Sisters are doing it for themselves — but aren’t super confident about it. According to a new study by Prudential, 95 percent of women are involved in financial decision-making in their households, and 25 percent of us are the primary decision-makers. But somehow, most women — 86 percent — feel like they don’t know how to choose financial products (like mutual funds, annuities, and stocks). Seems like a contradiction, no?

My guess is that the women polled know about as much about IRAs and bonds as anyone else (men included), but are more willing to admit that they’re sort of figuring it out as they go. Are these findings in line with your approach to finances? See a few more stats from the study and weigh in after the jump.

The study also found that:

  • 56 percent of women expect to have to work longer before retiring because of the financial crisis
  • 65 percent of women have been spending based on needs rather than wants
  • 42 percent of women have a financial advisor

Who makes the financial decisions in your household? And how confident are you in your financial knowledge?

Image Source: Thinkstock
Around The Web
Join The Conversation
I Will Teach You to Be Rich Author Offers Financial Bootcamp
Money Tips From Real Simple 2008-02-25 14:02:37
Mint Anyone?
Your Favorite Money Management Tool in 2009
Life Events to Share With Financial Advisor
Have You Considered Seeing a Financial Advisor?
DIY or Not: Should I Get a Financial Planner?

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

From Our Partners
Latest Career
All the Latest From Ryan Reynolds