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Nurses and Retirement Security: A Looming Crisis?
Date:9/4/2009

eeling very knowledgeable about financial investing," explained Cindy Hounsell, President of WISER. "But most report wanting to increase their investment knowledge. The Nurses' Investor Education Program is intended to bring actionable information to them."

Focus groups held prior to the first survey revealed that nurses tend to distrust "outsiders" when it comes to financial information. But most survey respondents indicated they would attend a free, unbiased financial planning workshop offered by a professional nursing organization.

The Center and WISER are using the survey results and information from the focus group to create retirement planning and investing workshops, webinars, and other resources for nurses. Currently, project activities include training nurses in six states to run group workshops, publishing a quarterly financial planning newsletter for nurses, and producing podcasts on financial planning and investing.

In summing up the goal of the Nurses' Investor Education Program, John Gannon, President of the FINRA Investor Education Foundation said, "Nurses spend their lives taking care of us. It's only fitting that this important project helps educate nurses to take care of themselves financially."

About the survey

A total of 901 nurses in 47 states and Washington, DC, responded to the initial survey. The average age of respondents was 52.5, and 95% were female. Respondents were relatively affluent, with 70% earning $75,000.00 a year or more. The average respondent had been a nurse for 27 years. Most were employed full-time, and 76% had benefits through work. The majority worked day shifts in a variety of work settings. Forty-five percent worked in an organization with more than 1,000 employees. Two survey groups, totaling 1,250 nurses, completed a follow-up survey following the global economic crisis.

About the Center for Americ
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SOURCE Women's Institute for a Secure Retirement (WISER)
Copyright©2009 PR Newswire.
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