Nearly half of women fear becoming a "bag lady" when they get older, despite the fact that 60 percent of them are the primary breadwinner in their household and 54 percent are in charge of the finances at home.
According to the 2013 Women, Money & Power Study from Allianz Life Insurance Co. of North America, 27 percent of women earning more than $200,000 a year shared the same fear.
The study, conducted with more than 2,200 women ages 25 to 75, with a minimum household income of $30,000 a year, revealed this fear extends to all corners of life and affluence and was highest among single respondents at 56 percent, but also a significant concern for 54 percent of divorced women, 47 percent of widows and 43 percent of married women.
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