WOMEN & FINANCIAL WELLNESS: BEYOND THE BOTTOM LINE

Women have been driving change in the labor market, the workplace, and the home. But there are still key opportunities for continued growth

41% of women wish they had invested more of their money 1

Explore the unique financial journeys of women and gather insights to prepare for your own financial future.

Get the full report
Get the full report
How wide is the earnings gap?

When looking at key stages of life like parenting and caregiving, women are far likelier to take time off their jobs than men. How does that translate financially?

$1,055,000 Cumulative lifetime earnings gap between men and women at retirement age 2

Based on earnings from ages 23 to 65. 3

 

Earning

 

Caregiving for Parent

 

Parenting

 

Caregiving for Spouse

 

Retirement

Explore women’s journeys and solutions to help build lifetime investments

Get the full report
How confident are women about investing?

While women’s confidence in other financial matters is equal to or greater than men’s, investing is an opportunity for many women to expand their expertise and experience.

When it comes to managing investments, only about half (52%) of women say they are confident, compared to 68% of men. 4

Explore women's journeys and solutions to help invest for the future

Get the full report
Where are women's financial priorities centered?

Financial priorities are ultimately about individual needs and goals. It's clear that women are seeking opportunities to link their investments to these priorities.

Family Image

77% of women say they see money in terms of what it can do for their families. 5

Finances ImageFINANCES
Health ImageHEALTH
Work ImageWORK
Home ImageHOME
Leisure ImageLEISURE
Giving ImageGIVING

Your unique priorities need a personalized financial plan centered on your goals. Consider working with a financial professional to create that plan. We are here to help you take first step.

We have the insights and expertise to help you prepare
for your financial future.

Get the full report Find a private wealth advisor

RELATED CONTENT

MEDIA CONTACT

Julia Ehrenfeld

Bank of America

646.855.3267

julia.ehrenfeld@bankofamerica.com

1 Base: Women 18+ excluding NAs (select all that apply)

2 Source: Bureau of Labor Statistics; TED: The Economics daily, Median usual weekly earnings of women and men who are full-time wage and salary workers, by age, 2016 annual averages. Age Wave Analysis.

3 Age Wave Estimate, Bureau of Labor Statistics, Number of Jobs, Labor Market Experience, and Earnings Growth: Results from A National Longitudinal Survey, 2017

4 Base: Women and men 18+ (percent agree)

5 U.S. Trust, Insights on Wealth and Worth, 2017

Age Wave and Merrill Lynch, Women & Financial Wellness: Beyond the Bottom Line, 2018

Age Wave is not affiliated with Bank of America Corporation.

   

Investment, insurance and annuity products:

Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value
Are Not Deposits Are Not Insured by Any Federal Government Agency Are Not a Condition to Any Banking Service or Activity

Investing involves risk. There is always the potential of losing money when you invest in securities. Past performance does not guarantee future results. Asset allocation, rebalancing and diversification do not guarantee against risk in broadly declining markets.

Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. Additional information is available in our Client Relationship Summary. 

This material does not take into account a client’s particular investment objectives, financial situations, or needs and is not intended as a recommendation, offer, or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. It is important to understand the differences, particularly when determining which service or services to select. For more information about these services and their differences, speak with your Merrill financial advisor.

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp.

Merrill Private Wealth Management is a division of MLPF&S that offers a broad array of personalized wealth management products and services. Both brokerage and investment advisory services (including financial planning) are offered by the Private Wealth Advisors through MLPF&S. The nature and degree of advice and assistance provided, the fees charged, and client rights and Merrill’s obligations will differ among these services. Investments involve risk, including the possible loss of principal investment.

The banking, credit and trust services sold by the Private Wealth Advisors are offered by licensed banks and trust companies, including Bank of America, N.A., Member FDIC, and other affiliated banks.

Trust, fiduciary and investment management services, including assets managed by the Specialty Asset Management team, are provided by Bank of America, N.A., Member FDIC and wholly owned subsidiary of Bank of America Corporation (“BofA Corp.”), and its agents.

Bank of America Private Bank is a division of Bank of America, N.A.

U.S. Trust Company of Delaware is a wholly owned subsidiary of Bank of America Corporation.

Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation.

© Bank of America Corporation. All rights reserved.

Patent: patents.bankofamerica.com

3598990-EXP-2022-05-20