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May 09, 2010 at 08:00 PM
Women who believe they make good financial models for their children are significantly more likely than other women to be on track to achieve key financial goals.
Penn Mutual Life Insurance Company, Horsham, Pa., has reported that finding in a summary of results from a recent survey of U.S. women ages 25 to 64. About half of the women said they are good financial role models.
About 48% of the women who described themselves as being good financial role models reported being “on or ahead of target” in paying off debt, and 40% said they have protected their families against the risk that something should happen to them (40%).
