Just 44 percent of women worldwide have a financial plan
in place, compared with 54 percent of men, according to a new study.
The report, “Future of Retirement: Why Family Matters” was a supplementary report to the HBSC study “The Power of Planning.”
Internationally, families without children are more likely to have negative associations about retirement.
Meanwhile, 65 percent of men worldwide take sole responsibility for planning their family’s long-term financial needs, the study said.
Thirty-nine percent of men said they take charge of retirement planning decisions
, compared with 25 percent of women.
Less than half of parents surveyed had individual term insurance in 14 of the 17 countries included in the study. Additionally, there was almost no difference in life insurance
penetration between families with children and those without. Fifty-fiver percent of parents’ financial plans include some type of life insurance, compared with 52 percent of those without children, the study found.