Does the Stiletto Fit?

Does the Stiletto Fit?

Despite all the advances we have made as women, we still have one primary fear – waking up one day
to find ourselves completely out of money with no one to help us. It’s a valid fear when we consider these facts:

 

  1. eggs80% of American women will find themselves as the sole managers of their personal finances, however most of those women feel financially insecure, despite controlling more wealth, having more education and being more involved in financial decisions.

  2. Women make on average 70-75% of what men make in similar occupations and responsibility.

  3. Women’s careers are often interrupted by family needs, both childcare and eldercare, which limits the opportunity for income growth.

  4. 50% of all women fear losing everything and becoming ‘bag ladies’ (48% of women who earn $100,000 or more annually fear this).

  5. Two-thirds of women over age 65 rely on Social Security as their primary source of income. Consequently, women are twice as likely as men to live out their golden years at or below poverty levels.

  6. Only 8% of women are “very confident” they will be able to fully retire with a comfortable lifestyle, while 21% are ‘not at all confident’ (only 11% of women in their 20s are ‘very confident).

     

What’s most surprising is 78% of women said they did not know much about retirement investing.
Transamerica Center for Retirement Studies

 

How do we begin reversing these alarming trends? First with education.
See how Finance ‘n Stilettos might help you from becoming one of the statistics we fear most.