This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Mother Load Is Just Financial Worries, Study Says

NEW YORK ( TheStreet) -- Has America gone from tiger moms to tired moms?

It would appear so, according to data from MassMutual's State Of the American Mom, released this week.

So-called "tiger" moms were all about pushing their families and themselves to maximum performance. But lately, the sluggish U.S. economy, after five years of financial turmoil for U.S. families, have left those moms with an empty tank, tired and frustrated over the money aspects of their lives, MassMutual says.

The firm points to some eye-opening conclusions from its study:

  • Just 24% of moms surveyed are satisfied with their financial situation.
  • 25% of moms say they are struggling to make ends meet or are worried about their financial future.
  • Just 32% use the services of a financial professional to help them with their investments and/or insurance needs.
  • More than 80% of mothers are in the U.S. workforce, even as they raise their kids, run their households and manage the family finances.

"One of the main takeaways from our survey is that a growing percentage of American mothers lack confidence in their financial planning abilities," offers Tara Reynolds, a vice president of marketing at MassMutual. "As a result, the anxiety over making a mistake often stands in the way of their financial goals."

A big part of the problem is how mom's view their own roles in their household, and why they don't seek professional financial help.

"Our earlier research suggests that women are so often cast into the role of caregiver -- caring for children, parents, in-laws and spouses -- that they put off fundamental financial preparation for the future," Reynolds says. "It's important that we help them realize this lack of planning is putting their whole family's future in question. Speaking with a financial adviser can help the increasing number of moms who are taking responsibility for their family finances to address this confidence gap to create sound financial plans for the long term."

MassMutual advises beleaguered moms to set up an emergency fund to take some of the pressure off, and to invest in some long-term care insurance to protect your family's assets.

The firm also says it's important to sit down with spouses and family members once a month to discuss the household budget and keep track of expenses.

Above all, don't try to handle the personal financial workload yourself, MassMutual says.

With Mother's Day only a month or so away, it's a good time to sit back, reflect and figure out a household money plan that isn't balanced, psychologically, on the backs of U.S. moms.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs