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May 30, 2017 at 02:16 PM
Divorce may be hitting women’s finances even harder now than it did a few years ago, according to new survey data from Allianz Life Insurance Company of North America.
The consumer insights team at the Minneapolis-based Allianz SE unit commissioned a survey update in October.
About 64% of the divorced participants said their divorce had caused a financial crisis. That was up from 48% in 2012, when Allianz Life commissioned a similar survey.
(Related: Divorcees Floundering on Retirement Finances: Survey)
The survey samples included women ages 25 to 75 with at least $30,000 in household income.
Allianz Life is a major player in the annuity market as well as in the life insurance market, and the company found signs that divorced women may be interested in hearing retirement planning ideas.
