While divorced women seem to be more independent than widows when making financial decisions, widows are almost two times more likely to describe themselves as financially conservative, the Spectrem Group reported this week.
But both groups are more likely than men to work with a financial advisor, according to the Chicagoland-based wealth researcher’s report, “Women in Transition.”
Only 16% of divorced women in Spectrem’s study describe themselves as advisor-dependent, compared with 20% of widows.
Meanwhile, widows are nearly two times more likely than divorcees to call themselves financially conservative, with about 31% of widows describing themselves as conservative investors versus just 17% of divorcees.
What Your Peers Are Reading
“At the other extreme, 6% of widows and 14% of divorcees describe themselves as aggressive investors,” Spectrem reported. “In comparison, 22% of men say they are aggressive.”