This past spring, two different studies were released that delve into financial anxiety and optimism; the Spring 2019 Merrill Edge Report and Allianz Life’s 2019 Women, Money and Power Study.
. Both studies found that women have become more financially influential and have taken more control over the finances in their own lives. However, despite these findings, many women are still struggling from a lack of confidence and growing anxiety when it comes to money.
I spoke to Anna Colton, Merrill's Northeast Consumer Banking & Investments Strategic Planning and Division Executive, and Aimee Johnson, Allianz's Vice President of Advanced Markets, about these two studies. It turns out, maybe not surprisingly, that women have lots of financial goals at once. According to Anna Colton,"while women are confident that their finances will work out in the long term, they’re stressed about competing financial priorities, like saving for retirement and saving for a down payment. Additionally, 73 percent of women are carrying some form of debt, which could be adding to this stress.
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