Consider further that although baby boomer women have been taking strides in the last decade to become more financially involved, roughly 40% of married women still entrust their husbands with the vast majority of all financial matters.
Finally, consider that almost 80% of baby boomer women say they lack the financial savvy to make correct financial planning decisions.
With these statistics facing them, most baby boomer women will face the devastating loss of their husband at the same time they are faced with handling their finances on their own. The good news is that this does not have to be the reality. Every woman can arm herself with financial savvy ahead of a crisis, if she chooses to do so.
Read this if you would like to learn more about how to enhance your financial savvy.