MADISON, Wis. (9/10/13)--The Credit Union National Association's Women's Financial Survey scored another major media hit Monday when it was featured on the front page of the USA TODAY's Money section.
The Credit Union National Association's Financial Survey provided the source data for this USA Snapshot on the front page of Monday's USA TODAY's Money Section. (CUNA Photo)
The survey was the data source for the paper's USA Snapshot statistical graphical feature. The graphic featured the question, "Do you have enough savings to meet your expenses for six months?" About 52% of survey respondents answered 'Yes," and 48% answered , "No."
The Women's Financial Survey polled 1,042 via the Internet from a population of women nationally, with an even distribution of respondents born in each decade from 1920 to 1980.
Released last month, the survey found the No. 1 financial concern for women is saving for retirement (News Now Aug. 7).
Findings showed that women use 401(k)s (45.3%) and pension plans (35.8%) the most to save for retirement, while 40% of women reported owning multiple retirement plans.
The survey also found that 51.2% of women were not confident in their financial ability, despite the fact that 38% of the married female respondents manage their household finances exclusively and 46% co-manage their household finances. This was particularly true with the youngest demographic, those born from 1980-1993, where 59.1% lacked financial confidence.
The Women's Financial Survey was also featured Aug. 28 on Forbes.com in an article about women and emergency savings. The article said that roughly 59% of women age 45 to 60 don't have an emergency fund that would cover their expenses for even six months. To read the article use the link.
Also recently, CUNA's Women's Financial Survey led off a story Sunday on MainStreet.com about "The One Thing You Shouldn't Do When Investing for Retirement."