Broker Check

Empowering Women 

                  Did You Know?

                  Did You Know?

  • The average age of a widow is 59.5 years old, and 8.8 million women aged 65 and older are widows. They outlive their husbands by an average of 14 years (4)
  • Women are 4 times more likely than men to be single parents(1)
  • Nearly 2/3 of U.S. women between 40-79 have already dealt with a major financial "life crisis" such as a job loss, divorce, or death of a spouse or serious illness(6)
  • The average woman spends 15% of her working years OUT of the workforce caring for children or parents vs 1.6% of men (6)
  • Fewer than 2 out of 10 women feel "very prepared" to make informed financial decisions.(1)
  • The average woman makes 80% of what an average man makes, therefore lowering her social security income(5)
    Financial Literacy is Essential         

    Financial Literacy is Essential         

  • Women control nearly 60% of the wealth in the U.S.(1)
  • Women control 80% of consumer spending(1)
  • Over the next decade, women will be the beneficiaries of the largest transference of wealth in our country’s history; estimated between $12 and $40 trillion(2)
  • Women are more likely to seek education about finance(6)
  • Women are 5 times more likely to change financial advisors to someone who understands their unique needs and respects their desire for education; 70% of widowed women change their financial advisor within a year after their husband's death(3)

1. Financial Facts for Women's History Month, Quantum Group 3/2017. 2. Women & The Great Wealth Transfer, Investopedia, 12/2/20. 3. A Widow's Journey: Episode 16, Investment News. 4. Of Love 7 Money, Blackrock 2015 5. Financial Experience & Behaviors Among Women, Prudential 2014-2015. 6. AARP: Understanding Women's Financial Needs & Behavior Survey 2007

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