Upper-Income Women Are Investing More, Survey Finds
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NEW YORK — Well-heeled working women are investing and saving more than they did three years ago, but only one in four have confidence in their knowledge of finance, a magazine survey shows.
Women with an average household income of $72,000 said overwhelmingly (85%) that they invested for financial security or a cushion. Only 14% said they were investing for their retirement.
Of the 300 readers of Self magazine who took part in the survey made available to Reuters on Wednesday, 96% said investing for the future is very important, even at a young age. Eighty-eight percent said they were more interested in planning for their future than they used to be. Seventy percent said they were saving more and 62% said they were investing more than they did three years ago.
The majority of those polled, 84%, currently hold some type of investment.
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