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6 in 10 women expect a recession in 2023, complicating retirement plans

Women investors are bracing for the worst and are expected to see increased economic uncertainty, high inflation, and a delayed retirement over the next few months, according to a new advisor survey..

By Willa Hart | March 21, 2023 at 10:30 AM
4 women in office meeting (Photo: Shutterstock)

Many female investors are concerned about the economy, with fewer women feeling they have a sound strategy in place to protect against market volatility and more women saying they’re helpless against outside events compared to 2022. This according to new research from the Nationwide Advisor Authority Survey, which looks at over 500 financial advisors and nearly 800 investors.

The survey also found that 2 in 5 women say the US is currently experiencing a financial crisis, and 1 in 4 say a financial crisis will hit soon. As a result, non-retired women are trying to strengthen their financial health by avoiding unnecessary expenses this year – a strategy 31% say they will adopt – and managing their investments more conservatively – a tactic adopted by 28% of respondents.

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