Only 14% of women say they’re prepared for a recession, compared with 30% of men, according to a survey by Ellevest, a women's investing platform.
Women’s financial health took a hit during the pandemic, and despite a brief rebound, it’s on the decline again, leaving many ill-prepared for a possible recession.
That’s according to a new measure of women’s financial well-being from Ellevest, an investing platform aimed at women. But even so, a woman’s financial health has been “driven further down as high inflation impacts her spending power and the overturning of Roe v. Wade clouds her economic future,” Sullivan said. “No wonder consumer confidence has been falling, even as women return to the workforce.”
In a separate survey, Ellevest polled nearly 2,500 U.S. adults on their feelings about money and their spending habits and found that two-thirds of women said they had cut back on spending.