{"id":958684,"date":"2026-05-06T06:04:27","date_gmt":"2026-05-06T10:04:27","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ameriprise-research-shows-single-divorced-and-widowed-americans-feel-financially-confident-yet-have-concerns-about-aging-alone\/"},"modified":"2026-05-06T06:04:27","modified_gmt":"2026-05-06T10:04:27","slug":"ameriprise-research-shows-single-divorced-and-widowed-americans-feel-financially-confident-yet-have-concerns-about-aging-alone","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ameriprise-research-shows-single-divorced-and-widowed-americans-feel-financially-confident-yet-have-concerns-about-aging-alone\/","title":{"rendered":"Ameriprise Research Shows Single, Divorced and Widowed Americans Feel Financially Confident \u2013 Yet Have Concerns About Aging Alone"},"content":{"rendered":"

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Ameriprise Research Shows Single, Divorced and Widowed Americans Feel Financially Confident \u2013 Yet Have Concerns About Aging Alone<\/b><\/p>\n

The new study highlights how financially solo adults balance independence with the need for trusted financial advice<\/i><\/p>\n

MINNEAPOLIS–(BUSINESS WIRE<\/a>)–
\nEighty\u2011five percent of financially solo adults feel confident managing their money \u2013 yet the same number (85%) worry about aging alone and navigating the long-term financial decisions that come with it, according to Flying Solo: Navigating Financial Autonomy<\/i>, a new study from Ameriprise Financial (NYSE: AMP). Encouragingly, many solo investors are turning to financial advisors for support, and more than 80% of those who work with an advisor report the guidance boosts their confidence in the future.<\/p>\n

\nNearly half (46%) of American adults are single, according to the U.S. Census Bureau1<\/sup>, underscoring how many people are now \u2013 or may someday be \u2013 managing financial decisions on their own, due to choice, timing or unexpected life events.<\/p>\n

\nAmeriprise surveyed more than 3,000 solo Americans spanning five decades to explore how single\u2011never\u2011married (52%), divorced (34%) and widowed (15%) adults manage their finances \u2013 from current priorities to long\u2011term planning, and the growing and critical role of professional advice.<\/p>\n

\n\u201cFinancially solo adults across generations are approaching their finances with confidence and are making steady progress toward their goals,\u201d said Deana Healy, Vice President of Financial Planning & Advice at Ameriprise. \u201cYet navigating aging alone often means carrying the full weight of long\u2011term decisions. A clear plan and ongoing guidance from a financial advisor can help turn today\u2019s momentum into lasting financial security.\u201d<\/p>\n

Financially solo adults have strong financial momentum<\/b><\/p>\n

\nNine in ten (91%) financially solo adults feel a sense of accomplishment and three-quarters (74%) have positive emotions about managing their finances on their own. Nearly all (96%) have experienced at least one benefit of being financially independent and 92% disagree with one or more common misconceptions about solo adults, including that they are lonely (49%), live less fulfilling lives (46%) or are less financially secure (40%).<\/p>\n

\nIndependence is a clear priority: three\u2011quarters (76%) expect to remain financially solo long-term, and 80% would keep finances separate even if they partnered with someone.<\/p>\n

\nAdults Flying Solo<\/i> are proud of what they\u2019ve accomplished \u2013 most often citing saving for retirement (37%) as one of their top two achievements, followed by not being a burden on others (29%) and buying a home (21%). They\u2019re focused on continuing momentum, with retirement saving (49%) and wealth protection (44%) topping their list of priorities. Day\u2011to\u2011day, they choose to spend more on social and entertainment experiences (67%), lifestyle activities (64%) and travel (41%) because they are financially solo.<\/p>\n

Growing concerns about aging solo reveal important \u2013 and still unmet \u2013 planning needs<\/b><\/p>\n

\nWhile confident today, many single, divorced and widowed adults are also confronting the realities of aging without a partner. Their top concerns include running out of savings (43%), affording long\u2011term care (42%), becoming a burden to others (41%) and not having someone for emotional support as they age (30%). Widowed adults are more likely than other financially solo Americans to want someone to share financial decisions with, highlighting how those choices can feel heavier and more complex after the loss of a spouse.<\/p>\n

\nWhen asked to identify the most challenging decisions to make solo, respondents most often cited investing (32%), taxes (29%), major purchases (22%) and retirement planning (22%).<\/p>\n

\nMacroeconomic pressures add another layer of uncertainty. High inflation is a top concern for nearly six in ten (58%), alongside worries about the health of the U.S. economy (45%) and the high cost of health care (40%).<\/p>\n

\nMany financially solo adults have yet to put essential long\u2011term plans in place. Only one\u2011third (37%) have a current formal will, and protection against long-term risks is limited with just 29% holding long\u2011term care insurance and 34% carrying long\u2011term disability coverage. Essential legal safeguards are also often missing: fewer than half have updated key legal documents such as a health care directive (41%) or financial power of attorney (38%), underscoring the opportunity for more comprehensive preparation.<\/p>\n

\n\u201cEven if you\u2019re not financially solo today, chances are you know someone who is \u2013 or you may find yourself in that position at some point,\u201d said Healy. \u201cWidowhood, divorce or career and family shifts can change your financial picture overnight. A trusted advisor helps ensure you\u2019re not facing decisions alone \u2013 providing guidance that keeps you moving toward your goals.\u201d<\/p>\n

Why solo doesn\u2019t mean managing money alone: the power of a trusted advisor<\/b><\/p>\n

\nFinancial advisors play a meaningful \u2013 and often deeply personal \u2013 role in the lives of financially solo adults. Half of all respondents (52%) and nearly two\u2011thirds (62%) of widowed individuals work with an advisor, a reflection of how essential support becomes when managing finances independently.<\/p>\n

\nIn moments of change or concern, many turn to professional guidance. Six in ten (60%) who work with an advisor say ongoing conversations help them prepare for uncertainty, and offer both practical and emotional support:<\/p>\n