Seven in ten women investors are rethinking if and when they can retire
COLUMBUS, Ohio, March 12, 2024 /PRNewswire/ -- Uncertain market conditions and the rising cost of living are significantly impacting women investors and their retirement plans. As they grapple with cascading economic headwinds, seven in ten (70%) women investors say that inflation and signs of a potential recession have made them rethink if and when they can retire, according to Nationwide's ninth annual Advisor Authority survey, powered by the Nationwide Retirement Institute.
- As the number of single older Americans steadily grows , single women in particular are grappling with unique circumstances.
- Compounding this concern, more than four in ten single women (44%) are worried about their ability to afford monthly bills in retirement.
- Single women tend to be more proactive than married women when it comes to discussing retirement planning with their advisor.
- Single women (27%) are slightly more likely to discuss converting accumulated savings into retirement income with their advisor than are married women (22%).