Although a majority of women now classify themselves as the primary breadwinner in the household, only 20% feel confident in making financial decisions. That disconnect came to light in Prudential Financial’s most recent “Financial Experience & Behaviors Among Women.”
Prudential’s biennial study on women and finances started in 2000. In this latest study, the financial service and insurance company canvassed 1,400 women. But in a twist from previous years, this year’s survey enlarged its sample group; including women from diverse cultural backgrounds and of income levels lower than $50,000 (the cutoff in prior studies) and surveyed 600 men to get a basis of comparison.