To gauge how well couples are communicating about their future, Fidelity Investments® recently completed its fourth Couples Retirement Study. This study is unique in that it tests agreement of both partners in a committed relationship on communication, as well as their knowledge of finances and retirement planning issues. It tests agreement between both married and unmarried couples --young and old.
Women are working harder than ever to advance their careers and break that glass ceiling. Yet, Fidelity's 2013 Couples Retirement Study suggests many are subconsciously imposing a glass ceiling on their financial future, because they do not take the time to focus on financial planning.
Women are making higher salaries today than ever, yet Fidelity's research found women are still more likely than men to doubt their ability to assume full responsibility for the finances if they had to, and routinely defer to their partner to make the decisions. And, of all the generations, Gen X and Gen Y women showed the least amount of confidence in their own financial acumen.
About KATHLEEN MURPHY: Kathleen Murphy is president of Fidelity's Personal Investing division, serving millions of individuals investing directly with Fidelity through IRAs, college savings plans and brokerage accounts. Ms. Murphy also supports Fidelity's workplace investing business focused on health care and higher education. She is a 25-year veteran of the financial services and benefits industry and has been named one of the 50 Most Powerful Women in American Business by Fortune magazine for the past six years.
About Fidelity Investments: Fidelity Investments is one of the worlds largest providers of financial services, with assets under administration of $4.2 trillion, including managed assets of $1.8 trillion, as of August 31, 2013. Founded in 1946, the firm is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products and services to more than 20 million individuals and institutions, as well as through 5,000 financial intermediary firms.
For more information about Fidelity Investments, visit www.fidelity.com.
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