A recent study from Fidelity found that just 24 percent of women say they take responsibility for day-to-day financial decisions. And that actually represents an increase since 2011, when just 15 percent of women said so.
That gender gap presents a danger for women, in part because the life expectancy for women is longer than it is for men, and because women traditionally give up some of their earning power to be caregivers for at least part of their careers. Divorce can also hit women harder than men; according to a 2011 Census report, 23.3 percent of divorced women had taken public assistance in the last 12 months, versus 14.7 percent of divorced men and 15.2 percent of married women.
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