Financial Confidence Among Solo Adults: Study by Ameriprise Financial

A recent study by Ameriprise Financial titled "Flying Solo: Navigating Financial Autonomy" reveals that solo adults in the United States exhibit significant financial confidence, even amidst concerns about aging and independent long-term decision-making. The research surveyed over 3,000 individuals who are single, divorced, or widowed, highlighting their increasing reliance on financial advisors to enhance their confidence.

The study finds that 46% of U.S. adults are single, underscoring the significance of effective financial self-management. It also points out that a considerable number of solo adults consult financial advisors, with over 80% of those individuals reporting heightened future confidence as a result.

Deana Healy, Vice President of Financial Planning & Advice at Ameriprise Financial, stated, "Financially solo adults across generations are approaching their finances with confidence and are making steady progress toward their goals." Healy emphasizes the importance of having a robust financial strategy and professional support to convert short-term success into enduring security.

Despite a strong sense of accomplishment—91% express satisfaction in managing finances—these individuals encounter challenges related to aging. Concerns about potentially depleting savings, rising healthcare costs, and a lack of emotional and financial support are prevalent. Specifically, 43% fear outliving their savings, and 42% worry about affording long-term care. Widowed adults particularly value having a confidant for financial discussions, reflecting the increased complexity following a spouse's death.

The study also identifies investing, tax decisions, major purchases, and retirement planning as the most challenging financial decisions for solo adults. Economic factors such as inflation, overall economic health, and healthcare expenses further amplify their uncertainties.

Despite many financially independent adults not having fully prepared long-term plans, only one-third possess a formal will, and even fewer have long-term care or disability insurance. The absence of updated legal documents, such as healthcare directives or financial power of attorney, highlights the urgent need for comprehensive financial preparation.

The role of financial advisors remains crucial, with 52% of all respondents and 62% of widowed individuals seeking their expertise. This guidance proves vital for navigating financial independence and adapting to evolving circumstances. The survey, conducted online by Artemis Strategy Group in January 2026, involved financially solo U.S. adults aged 25 to 75, averaging over $700,000 in investable assets. For further details and methodology, Ameriprise Financial offers additional information.