Women & Money Survey: Feelings toward Reaching Retirement Age

Between February 28th and 29th 2016 the NFEC conducted a survey of 3,530 women across the United States to assess their feelings toward their financial futures. Women between the ages of 18 to 64* across 5 different age segments participated in the online survey, which was designed to produce statistically significant results with a 99% confidence interval and a 5% margin of error.

This is the first gender-specific survey conducted by the NFEC and sponsored by the LiSA Initiative as part of a series of testing, polls, research, and interviews that will explore financial attitudes and behaviors. Later surveys and research will seek to explore connections between attitudes/behaviors and levels of financial literacy.

* The respondent’s nearest city and demographic information were determined from the respondents’ IP address, browsing history, double-click cookie, and census data.

Survey Question & Results

The survey asked women in 5 different age ranges the following question:

Think about where you expect your personal finances to be when you reach age 65. How does thinking about that make you feel?

Answers were presented in randomized order to reduce potential bias caused by respondent tendency to click on a particular slot.

Available Choices Were:

The Results

Lisa Survey-Confident-Neutral-Concerned_500h
# of Respondent Age Group % Confident % Neutral % Concerned
700 18 – 24 31.9% 44.6% 23.6%
727 25 – 34 31.3% 41.9% 26.8%
700 35 – 44 24.8% 39.0% 36.2%
701 45 – 54 24.5% 37.1% 38.4%
702 55 – 64 27.7% 34.4% 37.9%
Average 28.04% 39.40% 32.58

Survey Sponsor

This survey was sponsored by the LiSA Initiative, a powerful grassroots movement sponsored by First Financial Security to address the financial concerns that women from all walks of life experience every day in this country. By funding research and providing financial education, the LiSA Initiative goal is to help people make positive changes to achieve financial security and peace of mind.

Percent of Those Responding as “Confident”

31.9%

18 – 24 Years of Age

31.3%

25 – 34 Years of Age

24.8%

35 – 44 Years of Age

 

24.5%

45 – 54 Years of Age

 

27.7%

55 – 64 Years of Age

 

Percent of Those Responding as “Neutral”

44.6%

18 – 24 Years of Age

41.9%

25 – 34 Years of Age

39.0%

35 – 44 Years of Age

 

37.1%

45 – 54 Years of Age

 

34.4%

55 – 64 Years of Age

 

Percent of Those Responding as “Concerned”

23.6

18 – 24 Years of Age

26.8%

25 – 34 Years of Age

36.2%

35 – 44 Years of Age

 

38.4%

45 – 54 Years of Age

 

37.9%

55 – 64 Years of Age

 

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