A new study from Fidelity Investments offers a fresh look at how women across generations are responding to economic headwinds, exposing a shift toward financial frugality, increased savings, and a focus on long-term planning.
The 2025 Women & Money Study found that among women who made at least one financial change in the past year, nearly four in five (79%) said it was due to economic factors such as inflation and tariffs.
According to the survey, the most common adjustments involved non-essential activities and entertainment, with 42% of women saying they recently decided to cut back. More than three-quarters attributed the change to economic uncertainties, and most women said they plan to keep it up in the coming year.
Looking ahead, 47% of women intend to save more, while 35% plan to reduce or pay off debts. Confidence in these goals is high, with 86% expressing at least some confidence in their ability to save more and 84% feeling similarly about debt reduction.
The study also highlighted generational differences in financial priorities. Gen Z and Millennial women are more likely to focus on creating budgets and financial plans, while Gen X and Boomer women tend to prioritize cutting everyday expenses and discretionary spending.
Nearly two-fifths of Gen Z women (37%) plan to create a budget in the next year, compared to just 8% of Boomers. Meanwhile, 40% of Boomer women expect to reduce spending on non-essential activities, a larger share compared to younger cohorts.
Despite these efforts, the report finds that women continue to lag behind men in emergency savings. Nearly one-fifth of women have no emergency fund, and almost a quarter have less than $1,000 set aside for unexpected expenses. By comparison, only about one in ten men report having no emergency fund.
The financial gender gap shows up in women’s financial stress: 81% say their finances keep them up at night, and among those, 35% said the ability to pay for an emergency was a top concern.
Job stability is another area of focus. The study found that 45% of women are in job hugging mode, even though they are more likely than men to describe their work in negative terms. Only 15% of women plan to look for a new job in the coming year, with the primary motivators being higher pay, better benefits, and more meaningful work.
For all the hype around the Great Wealth Transfer, a larger percentage of women expect it will happen to other people. Sixty-one percent do not anticipate receiving an inheritance, compared to 52% of men. Among women who do expect to inherit, nearly half say it would ease concerns about paying bills, and 41% believe it could set them up for career changes or earlier retirement.
Planning for the future remains a work in progress. While two-thirds of women have a plan to reach their financial goals, far fewer have completed key estate planning steps. Only 30% have created a will or estate plan, and just 16% have planned for future care needs. Boomer women are more likely to have taken these steps, but even among this group, more than half have not assigned a healthcare or financial power of attorney.
Cornerstone Advisors study reveals compliance bottlenecks stall campaigns weeks after customer opportunities close.
A father-daughter trio managing approximately $700 million joins the Atlanta-based fee-only RIA, establishing its Austin foothold.
CFP, CFA and CPA holders could gain accredited investor status as regulators weigh wider private market access for advisory clients
DeepVest, Vanilla and Libretto roll out tools to help financial advisors launch firms, close estate plans and sharpen planning skills
“People aren't effectively using their wealth in retirement,” said David Blanchett of Prudential.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains