The recession rocked women’s confidence in their investment decisions, according to a survey released on Thursday by MassMutual.
Even though 2010 saw average retirement plan balances return to pre-recession levels, economic uncertainty and market volatility have taken a bite out investor confidence and sent investors running towards more conservative strategies. MassMutual’s online survey of 1,517 defined contribution/401(k) plan participants, which took place between November 15, 2010 and January 15, 2011, revealed that women in particular have less confidence in investment decisions and the stock market compared to men - and the gap is widening. Rather than seeing this as a negative though, this could be an opportunity for retirement plan advisors and providers to work to educate participants regarding their investments.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access