Women focus financial efforts on immediate family needs
Women tend to sacrifice their long-term financial needs for more pressing family and household concerns, according to a new Penn Mutual study.
By Paula Aven Gladych|May 15, 2012 at 08:13 AM
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Women focus more of their attention on immediate family and household concerns than long-term, big picture financial needs, according to a new survey by The Penn Mutual Life Insurance Company.
According to its fourth annual Worth survey, women cited retirement (42 percent), expenses (41 percent) and health care costs (30 percent) as their top financial concerns, whereas men listed expenses (38 percent), the economy (35 percent) and retirement (30 percent) as their biggest worries.
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