Female breadwinners face financial uncertainty
(ARA) - Busy is the buzzword for today’s working woman. Whether she is self-employed or works outside of the home, there’s a good chance she also juggles tasks like raising children, caring for aging parents, and making time for personal relationships. Recent statistics also show that women are shouldering much of the financial responsibility when it comes to the household income.
More and more women are taking over the position of financial head of their family. Fifty-three percent of the more than 1,400 women surveyed in Prudential Financial’s latest biennial study on the “Financial Experience and Behaviors Among Women,” now in its 12th year, have become primary breadwinners within the household. The shift stems from numerous factors, including a partner’s loss of employment, divorce, and more women marrying later in life.
The question is: Does increased responsibility lead to greater financial confidence?
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