Despite the accomplishments that women are making both at home and at work, women are feeling less confident in their financial situations and decision making than they were in past years.

ENT-3322-N (6/2019)

Allianz Life Insurance Company of North AmericaAllianz Life Insurance Company of New York

DECLINING FINANCIAL CONFIDENCE IN KEY AREAS

More women say they feel lessfinancially secure overall

Over half say they wish they were moreconfident in their financial decision making

Fewer women say they are thebreadwinner in their household

38%47%

60%

2013 2016 2019

Fewer report having moreearning power

42%50%

57%

2013 2016 2019

Fewer women say they are theCFO of their household

47%51%53%

2013 2016 2019

Fewer women say they have askedfor a promotion or a raise at work

201644%

201927%

201668%

201962%

201957%

Findings from the Allianz Women, Money, and Power® Study

For women, rising social power is not coinciding with a rise in financial confidence

WOMEN ARE FEELING LEFT OUT OF FINANCIAL PLANNING DISCUSSIONS

Of married/partnered women who are working with a financial professional, an increasing number say their financial professional treats their spouse/partner as the decision maker.

201651%

201960%

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MILLENNIAL WOMEN ARE TAKING CHARGE

DIVORCED WOMEN BUILDING THEIR CONFIDENCE

MILLENNIAL WOMEN AND DIVORCED WOMEN SHOW MORE FINANCIAL CONFIDENCE

While it’s true that the majority of women surveyed say they’re lacking certainty around finances, two specific groups say they are feeling more secure and confident in their financial decision-making.

ABOUT THE STUDY

The Women, Money, and Power Study was commissioned by Allianz Life Insurance Company of North America (Allianz) via an online survey in April 2019 with a nationally representative sample of 900 women, ages 25-75, with household income of $30,000/year or higher. Some questions resurveyed from the 2013 and 2016 Allianz Women, Money, and Power Studies.

35%24%19%

53%42%34%

46%29%37%

Millennial women are more likely than other generations to have asked for a promotion or raise at work.

Over half of millennial women say they have more earning power than ever before.

Nearly half say they are comfortable with current market conditions (i.e., volatility), and are ready to invest now.

MILLENNIALS GEN XERS BABY BOOMERS

• Not FDIC insured • May lose value • No bank or credit union guarantee • Not a deposit • Not insured by any federal government agency or NCUA/NCUSIF

Products are issued by Allianz Life Insurance Company of North America, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. www.allianzlife.com. In New York, products are issued by Allianz Life Insurance Company of New York, 28 Liberty Street, 38th Floor, New York, NY 10005-1422. www.allianzlife.com/new-york. Variable products are distributed by their affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. www.allianzlife.com. Only Allianz Life Insurance Company of New York is authorized to offer annuities and life insurance in the state of New York.

201650%

201965%

Divorced women are feeling more financially secure than in past years.

I set financial goals for myself and usually achieve them.

I’m good at saving money for long-term goals, like retirement.

DIVORCED LESS THAN 10 YEARS

I have a good understanding of the financial products I own – such as life insurance, annuities, stocks, bonds, 529 education savings plans, 401(k)s, and/or IRAs.

DIVORCED 10+ YEARS

44%62%

33%53%

36%55%

Divorced women feel increasingly confident financially the longer they’ve been divorced.

For more information, visit allianzlife.com or allianzlife.com/new-york or talk to your financial professional.

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