Women’s Financial Confidence and You
October 2, 2019 by Aimee Lynn Johnson
For decades in the United States, the role of managing family finances was traditionally one that fell to a male head of household. Men made up a larger part of the workforce so it was generally assumed that they were the ones paying the bills and responsible for saving for their family’s future.
However, as more women entered the workforce in the 1960s, that dynamic began to change. Along with steady progress outside of the home, women also made strides within their own households, including their association with all things financial. In fact, according to the 2013 Women, Money and Power Study from Allianz Life Insurance Company of North America (Allianz Life), more than half of women reported that they were the chief financial officer of their household, and a full 60% said they were the breadwinner for their family.