Women’s Retirement Confidence Dropped in 2025 Survey

Forty-six percent of women reported feeling confident in their retirement plans in 2025, down from 52% in 2023, the last time the Women Money Power Study from the Allianz Center for the Future of Retirement was conducted. 

However, the share of the women surveyed who consider themselves the chief financial officers of their households rose to 53% in 2025 from 49% in 2023.

While more women are taking on the finances of their household, nearly the same share, some 52%, reported having increased financial stress, according to the study by the center, which is part of Allianz Life Insurance Co. of North America. In addition to stress about money overall, the proportion of women respondents concerned they will run out of money during retirement remained consistent with 2023’s results at 57%.

Retirement confidence, in 2025, was especially low among single (32%) and divorced (34%) women, while more married (53%) and widowed (56%) women reported feeling secure about their plans. This aligns with the fact that single (62%) and divorced (61%) women were more concerned about running out of money in retirement than their married (52%) or widowed (51%) respondents.

Across different age groups of respondents, 65% of Generation X women expressed concern about running out of money in retirement, compared with 56% of Millennials and 46% of Baby Boomers.

Additionally, only 15% of surveyed single women were likely to work with a financial adviser, compared with 36% of married women, 33% of widows and 29% of divorcees.

While Allianz Life Insurance Co. does not provide financial planning services, the study highlighted the importance of financially stressed women seeking financial guidance from professionals.

“The guidance of a financial professional can make a pivotal difference in your financial confidence,” said Heidi Vanderkloot, Allianz Life’s head of field marketing organization distribution, in a statement. “Many may feel a lack of confidence because they haven’t created a financial strategy that outlines their financial goals and the steps to achieve them. With the right support and financial strategies in place, women can more confidently navigate financial challenges and secure their futures.”

The Allianz Center for the Future of Retirement conducted its online survey in September 2025 with a nationally representative sample of 900 women aged 25 to 75 with an annual household income of at least $30,000.