Today, women are less optimistic, more concerned and less prepared in their financial lives than they’ve been in years, primarily due to the pandemic. But many of us are also feeling more empowered; last year, more women were working with advisors and financial professionals than they were five years ago.
These are some of the insights emerging from our sixth annual Advisor Authority study, powered by the Nationwide Retirement Institute. Last year, we surveyed over 2,500 investors, advisors and financial professionals about many of the critical issues they were facing in midst of the COVID-19 pandemic. In particular, we wanted to know how the pandemic was affecting women investors, the level of confidence they had in their existing financial plans and the outlook for their financial futures.