High-net-worth women feel more anxious about their finances than men, new research suggests.
The Saltus Wealth Index Report found 40% of female respondents said their money makes them anxious, compared to 35% of men.
Women are also more likely to adapt their approach to inheritance tax planning, with 38% agreeing that they would pass on wealth more quickly during their lifetime, compared to 31% of men.
Alex Pugh, financial planning expert at Saltus, said: “Women often find themselves at the centre of a complex web of financial and family responsibilities. Many are managing the needs of their children, their parents and possibly their business, all at once. When you add in concerns about the future, the pressure can become emotionally exhausting.”
The research also found that men are more aware of their financial situations, with 12% of women unsure of the current value of their pension pots, compared to just 7% of men.
Pugh said: “Financial wellness is about more than just numbers. It’s about creating a sense of control and clarity. When you understand where you are financially and where you are going, the anxiety begins to lift.
“Good financial planning is not static. It has to adapt to your life. Women are not just thinking about themselves, they are planning for future generations. That level of responsibility needs to be matched with advice that is empathetic and personal.”
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