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Ellevest Launches New Index and Research That Finds Women’s Financial Health Is at a 5-Year Low

Research shows that financial progress women have made post-pandemic is being undone, with 86% of women feeling financially unprepared for a recession.

By Girl Power News , in News , at October 26, 2022

Ellevest, the wealthtech company built by women for women, is marking the second annual Financial Wellness Day by unveiling new insights into women’s financial health. The data released comes from the first-of-its-kind Ellevest Women’s Financial Health Index (“EWFHI”) and the second annual Ellevest Financial Wellness Survey.

“Our goal is to comprehensively capture the state of women’s financial health, through both survey insights and quantifiable data from our new Ellevest Women’s Financial Health Index,” said Sallie Krawcheck, CEO and Co-Founder of Ellevest. “The truth is that it’s difficult to change what you don’t measure. This work places gender-based financial inequities squarely in focus, as well as shows a path forward.”

The Ellevest Financial Wellness Survey 2022 gives further insights into women’s money mindsets. Highlights from the findings show:

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1. As of January 5, 2021. Rating based on research and data collected by Nerdwallet. Nerdwallet and Ellevest are not affiliated with one another. Ellevest was a Nerdwallet Partner at the time the rating was given, however Nerdwallet’s opinions are their own.

2. As of January 4, 2022, rating based on research and data collected by Bankrate between Oct. 4 and Nov. 30, 2021. Bankrate and Ellevest are not affiliated with one another and have no formal relationship. Bankrate is not compensated by Ellevest and Bankrate’s opinions are their own.

The Ellevest Women’s Financial Health Index is constructed from a number of quantifiable factors that impact women’s financial health; these include the gender pay gap, inflation, student loan debt, paid family leave, reproductive rights, women in leadership, consumer confidence and student loan debt. It also includes proprietary insights from Ellevest’s business, including trends in recurring deposits by women and share of investments going into impact investing.

Ellevest Censuswide Study 2022 Methodology
Censuswide conducted research on behalf of Ellevest, between August 5, 2022 and August 15, 2022 among 2,487 people ages 18+, in the US.