“Fidelity Reports 79% of Women Feeling Financial Stress”

“A Fidelity survey conducted in early February among 2,007 U.S. adults found that 79% of women were experiencing financial stress, up from 67% in October. Even as they were reporting feelings of financial stress, 71% of women surveyed said they planned to take action with their money in the next six months. Their short-term priorities include paying down debt, creating or reviewing a budget and creating a financial plan…

“We saw this first-hand as annual retail account openings by women grew by an unprecedented 41%,” Murphy said, basing that figure on Fidelity customer data, representing a year-over-year percentage increase in new retail accounts opened by women in 2020 versus 2019… Since then, the firm has seen a 34% increase in women taking advantage of Fidelity guidance, including calls with financial consultants and use of online planning tools across both workplace and retail customers…”

https://gsiexchange.com/fidelity-reports-79-of-women-feeling-financial-stress/

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