The State of Personal Finance in America
Facts at a glance
From budgeting to investing to spending, men and women often have different approaches to managing their money. Despite their different styles, both sexes need help managing their finances. The following facts, gathered from independent thirdparty sources, reflect the current state of finances in America. • Women, ages 26-39, are spending more money than they are saving. --Oppenheimer Funds, Inc. • Sixty-two percent of women polled in a recent study gave themselves a C-grade or lower in regard to knowledge of financial products and services. Only one percent of the polled women gave themselves and A-grade. --Prudential Financial • Nearly 8 in 10 women polled by Prudential Financial said they would depend on Social Security in their golden years. --Prudential Financial • Men are less likely than women to seek retirement planning help. --New York Life • Approximately one in three U.S. adults who are married or living with a partner disagree about finances at least once a month, while 10 percent disagree about finances once per week. --A.G. Edwards
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The State of Personal Finance in America Page 2
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Eighty-seven percent of the impoverished elderly are women. --National Center for Women and Retirement as reported in The Modesto Bee
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Americans owe more than half a trillion dollars in credit card debt. --The Motley Fool
About Achieve Financial Independence Week™ Created by Stowers Innovations, Inc., and supported by American Century Investments, Achieve Financial Independence Week™ helps raise Americans’ awareness of their own spending and saving habits, and provide people of all ages with the strategies and information they need to achieve financial independence. For more information, visit www.afiweek.com.
### Media Contact: Tricia Jaworski For Stowers Innovations 913-660-9659 tjaworski@morningstarcomm.com