The Great Recession helped push women to become more educated about their financial lives, be more proactive in making financial decisions and gain more confidence about their financial futures. But too few women have a detailed financial plan in place, according to Prudential Financial’s 10th anniversary study on women and their financial behavior, something that can impact their financial security in the long run.

The biennial study, Financial Experience & Behaviors Among Women, showed that 95% of women are involved in making financial decisions, with one-fourth of women acting as the primary decision-makers in their households. Yet although women are saving more and paying down debt, which has helped them gain more confidence about their finances, just one-third of women have a detailed financial plan in place, the study reports. Among the youngest segment (ages 25-34) only one in 10 has a financial plan in place. The reasons: lack of time, the number of shorter-term financial obligations, lack of education, and a lack of assistance.

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