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Nearly a quarter of women admit they’ve never asked on money issues

As women earn less income, ask for less in raises, and save less money, it’s not surprising they seek out financial advice much less than men.

That’s because in nearly every basic financial category, men are more likely to ask for advice than women, insurance company Country Financial says.

According to the survey, male respondents were consistently more likely to ask for money advice over female respondents. In fact, almost 25 percent of female respondents admit that they have never sought out financial advice.

“When asked whether respondents had ever sought financial advice around common topics like retirement planning or taxes, male respondents had consistently done so more than women on every topic,” Country Financial says. “When it comes to finances, a diversity of counsel can have a positive impact in guiding well-informed decisions. This is especially true as many Americans report they are not as responsible in their spending choices as they feel they should be.”

Women are most likely to seek out advice for is retirement planning. Thirty-seven percent of female respondents admitted asking for help when planning for retirement. They’re already paying more as they age than men, since they’re expected to live longer. But because they earn less and live longer, they’re actually paying more in their golden years than their male counterparts.

Women are at a higher disadvantage all-around. Only because of they lack knowledge of what to save for and when to start saving it. More women are interested in saving for a vacation instead of saving for an emergency.

Just over one-third of women have asked around about tax-related issues, while 42 percent of men have. The biggest difference was in estate planning. Twenty-five percent of men have sought out advice while only 13 percent of women have.

Insurance matters saw a drastic difference in who asks for help. Thirty-nine percent of men and 27 percent of women asked for advice on insurance.

But it’s not just retirement planning and tax help where men outpace women for seeking out financial advice. It’s literally every financial topic in the Country Financial survey.

Why don’t women want to talk about money?

Both sexes are part of the workforce, earn money, save for the short- and long-term. Why is it that women are ask for help less than men?

It comes down to confidence: Women don’t inherently believe they are qualified to ask questions when it comes to money if they don’t have any sort of knowledge on the topic. Instead of starting to ask questions early on about money-related topics, women believe they should research it before asking questions.

They also think their lack of experience handling finances means they don’t have the capability to ask for advice about money. And they may not know where to start. Which could mean they have no idea the questions to ask when it comes to money.

It turns out that women are good savers — better savers than their male counterparts — but would rather skip the financial talks regardless of who they are talking to. They don’t want to talk to their partners, their friends, or even professionals.

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Meet the Author

Dori Zinn

Dori Zinn


Zinn is a freelance journalist based in Fort Lauderdale, Florida.

Budgeting & Saving, Credit & Debt, Retirement

401k, financial literacy, infographic, save money

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