When it comes to financial pressure, women have it all — all the responsibility, that is. And not all that much support or assistance.
According to a study of women of wealth, “What do Breadwinner Women Want?” conducted by the Family Wealth Advisors Council (FWAC), a nationwide network of leading independent wealth management firms, women are the breadwinners in 40 percent of American families.
If that’s not enough responsibility, think about these facts: 95 percent of women will be their family’s principal financial decisionmaker at some point in their lives, and female breadwinners are responsible for no less than 75 percent of all financial planning responsibilities in their households. In addition, those women supporting their families are assuming as much as 90 percent of the responsibility for charitable giving, paying for college, retirement planning and overall saving.
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