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.

While women do worry about saving and investing, fewer women than men have a financial plan (50 percent vs. 61 percent) and are less actively involved in retirement plan goal-setting, savings and investing.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.