High net worth women are more anxious about money

High net worth women are feeling more anxious about their finances than men, according to new research by Saltus.

The insight found that financial pressures are not only increasing, but also that women are feeling the pressures more than men. The data showed that 40% of female respondents said their money makes them anxious, compared to 35% of men. The research also shows women are more likely to adapt their approach to inheritance tax planning, with 38% of women 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 suggests that men are more aware of their financial situations, possibly compounding the situation. For example, 12% of women were unsure of the current value of their pension pots, compared to just 7% of men.

“Financial wellness is about more than just numbers, it is 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. We work with women to build plans that reflect their lives, their responsibilities and their goals, helping them feel confident in the future.”