Affluent working women worried about careers, study shows
Tuesday, February 7, 2012
Nearly nine in 10 affluent working women consider obsolete careers and eroding earning power risks to their financial success, a new study reveals.
The majority of successful female executives surveyed by the Family Watch Advisors Council said they anticipate a major career change within the next year, according to "Women of Wealth: Why Does the Financial Services Industry Still Not Hear Them?"
The study examines the beliefs and perspectives of 551 U.S. women with a net worth of $1 million and higher, tracking the statistical differences across four criteria: marital status, employment status, age and net worth.
Eight in 10 of the surveyed female retirees see a potential decline in the economy as a major risk, versus 45 percent of women working full time.
The study also found 80 percent of women (married or divorced) believe they will be called on at some point to help one or more of their children in crisis. Nearly 60 percent of married women feel that divorce poses a significant risk to their financial future.