Two major trends are profoundly impacting women. One, women are living longer—longer than men.1 Two, nearly half of marriages are likely to end in divorce, with rates rising among couples over 50.2,3 Inevitably, eight out of 10 women will end up solely responsible for their financial well-being.
The women behind the statistics have lessons to share.
We surveyed hundreds of divorcees and widows about the financial challenges they faced once they were on their own, and what advice they have for other women.
of married women leave key financial decisions to their husband
of widows and divorcees find at least one financial surprise
regret not being more involved in key financial decisions when they were married
Millennials are perpetuating—not transforming—the status quo
It’s not getting better. In fact, just the opposite. 61% of Millennial women leave financial decisions to their partner compared with only 54% of women from older generations.
encourage other women to take a more active role in finances
would have done fewer chores to find more time for finances