Women and Their Finances: ‘Worry’ Outweighs Action

Survey Finds Many Women Concerned About Retirement, But Not Taking Steps to Address Those Concerns

BELLEVUE, Wash., April 4 /PRNewswire/ — When it comes to personal finances, many women are worried about their financial future, but are either unwilling or unable to take action to improve their situation, according to a new survey conducted by Harris Interactive for ShareBuilder Securities Corp. The ShareBuilder 2007 Women & Investing survey reveals that this theme of “worry outweighing action” manifests itself in everything from women’s participation in retirement plans, to having a brokerage account, to whether or not they have a financial game plan in general.

Comparing men and women, the second annual ShareBuilder Women & Investing survey examines the factors that shape American’s saving and investing practices, how they make investing decisions, their confidence levels and whether they believe they are adequately addressing their future financial needs. New this year, the survey also looks at the impact relationships have on women’s finances.

“We’re seeing a fairly significant ‘financial disconnect’ between what women are concerned about, what they envision their own retirement will look like, and the steps they are taking — or not taking — to ensure that their vision meets with reality,” said Jeff Seely, Chairman and CEO of ShareBuilder.

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