Over 40 % of women believe the US is currently in a financial crisis , with another 24 % believing that we are approaching one . Although a recession may seem likely , expectations regarding its severity vary : slightly more women than men expect a short , shallow recession that begins and eases up gradually , with men nearly 10 % more likely to expect a prolonged , severe downturn followed by stagflation and instability .

With concerns about market conditions top of mind , unease about retirement is up among women investors . Less than half ( 45 %) of women say they have a strategy in place to protect their assets against market risk in 2023 – down from 51 % of women respondents who answered similarly in 2022 .

Despite fewer women saying they have a strategy in place for retirement , an increasingly large percentage feel that there is no way to properly prepare for a recession , with nearly nine in 10 ( 87 %) women saying they can do all the right things to manage their finances but still be blindsided by outside events , a doubledigit increase from 2022 ( 76 %).

Concerns about market volatility and a potential recession are top of mind among women investors . More than 40 % of women investors believe the U . S . is already in a financial crisis while nearly one-fourth ( 24 %) see a financial crisis on the immediate horizon , complicating their plans for retirement . Given this economic uncertainty , women investors are increasingly seeking guidance from financial professionals .

Our recent Advisor Authority survey , powered by the Nationwide Retirement Institute ® , uncovered women investors ' unique perspectives on the current economic landscape , what it means for their retirement plans , and opportunities for financial professionals to help their female clients feel more confident in their financial goals .

Women are unsure about their retirement plans .

Among non-retired women investors , uncertain market conditions have a rising number feeling unsure about their ability to retire at all .

Top immediate challenges to women ’ s retirement portfolios :

54 % Inflation

38 % Economic recession

21 % Market volatility

These threats are changing women ’ s retirement plans

84 % 46 %

say they will need to supplement their income based on their retirement savings say they ’ ll have to continue working in retirement in some capacity .

Volatility leads to lifestyle and financial planning adjustments .

Non-retired women investors are adjusting their approach to saving for retirement to weather a potential financial storm .

In response to ongoing uncertainty , non-retired women are …

31 %

Avoiding unnecessary expenses over the next 12 months

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