Women’s perceptions of financial well-being have changed fundamentally over the past year, according to the Ellevest Financial Wellness Survey 2022.

Climbing with priority: About 42% of women surveyed cited financial wellbeing as critical, three times as many as the 14% surveyed in the 2021 survey.

After falling to fourth place in 2021, financial well-being rose in priority and is currently viewed by women as the second most important aspect of wellness after mental well-being, the results showed.

Women stay with the old-age provision: The poll also found that unperturbed by economic uncertainty and market volatility, three quarters of the women continued theirs pension contributions. This was more than two-thirds of the men who said so.

Women tend to invest more and earn returns about 40 basis points higher than men, according to the survey, with the outperformance being due to “staying the course in investing,” Ellevest said.

“If our survey results go forward, it looks like women are positioning themselves well to weather this turbulent time and stay ahead,” she added.

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Women worry more about money: According to the survey, about 43% of women worry about money at least once a day and 59% at least once a week. For men it is 36% and 55% respectively. However, stress related to money is more likely to be found in older women than in younger ones.

Only about 14% of women said they were prepared for a recession, compared to 30% of men.

Home women priority: When asked about their financial priority, about 30% said supporting their family was their top priority. Building an emergency fund and sticking to a budget were named as their financial priorities by 29% and 26% of women, respectively.

About 22% of women felt that both increasing their retirement savings and paying off credit card debt were their priorities.

A deprioritization of retirement provision could…