Business woman looking at tablet The health care issue looms large in women’s financial wellness, too, with the average woman likely to have higher health costs than the average man in retirement. (Photo: Shutterstock)

Not only do women face challenges that men do not in earning and saving, other factors affect their journey to financial wellness.

That’s according to a new Merrill Lynch study conducted in partnership with Age Wave, “Women and Financial Wellness: Beyond the Bottom Line,” which finds, among other things, that 70 percent of women believe that men and women have a fundamentally different life journey. Part of the difficulty for women in achieving financial wellness lies in the need for the financial industry to better understand women’s financial concerns and opportunities.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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