Single-Parent Families Single-parent families consist of one unmarried adult with at least one child under 18 living in the household the majority of the time, and no other adults in the household. N=518 Gender 68% female | 32% male Age 46 years old (average) | 23% are 35-39 years old | 47% are 40-49 years old Children 43% have 1 child | 42% have 2 children | 15% have 3+ children Ages of children 6% 0-2 years | 26% 3-8 years | 38% 9-12 years | 62% 13-17 years | 15% 18+ years Race 79% Non-Hispanic white | 12% Non-Hispanic Black | 5% Hispanic Marital history 56% divorced | 26% never married | 9% separated | 9% widowed 34% are in a committed relationship (31% opposite sex, 3% same-sex) 26% separated/widowed/divorced 5-10 years | 22% more than 10 years Employment 94% employed (84% employed full-time) 1% are retired Expect to retire: 23% before age 65 | 34% age 65-69 | 25% age 70+ | 18% never Education 30% some college/VoTech or AA degree 66% college degree (34% BA/BS degree, 26% graduate/postgraduate degree) Income $83,900 average annual household income before taxes (43% earn $75,000+) Savings $171,300 average household savings and investable assets $167,300 average retirement savings (7% with $500,000 or more) 21% could last one year or more if the main breadwinner(s) lost source of income Debt $24,440 average debt (not including mortgage) 20% more than half of monthly pre-tax income going to debt payments (including mortgage) 49% are comfortable with the amount of household debt Financial products 59% own life insurance | 24% have a pension | 9% own an annuity Financial advisor 47% have ever used a financial advisor | 22% currently have a financial advisor ABOUT THE STUDY Over the past 40 years, shifting demographics and profound attitudinal changes have helped redefine the concept of family for many Americans. To understand how this evolving family structure is changing Americans’ relationship with money and financial planning, Allianz commissioned the Allianz LoveFamilyMoney Study, 2014. (9/2015) ENT-1794 Find more information on the LoveFamilyMoney study at www.LoveFamilyMoney.com. .