"There's a lot of reset going on in terms of returning to the basics," said Lisa Caputo, chief executive of Citi's Women & Co., a financial-resource program aimed at women. "Women are looking at this recession in very personal ways."
Seventy-five percent of mothers, both single and married, said savings and spending habits will never go back to pre-recession levels, while 61% of women without children said that, as did 60% of men.
When it comes to being forced to dip into savings and investments to cover bills, mothers widely outnumbered women without children -- 62% compared with 52% -- as well as men, at 39%.
About 63% of women with children are holding off buying big-ticket items like a car compared with 50% of women without children and 52% of men.
"Women across all sectors believe that their financial situations have deteriorated," Caputo said. "They are not going to be high-flying consumers with open pocketbooks."
Caputo said women, who have long been considered the CEOs of their households are now also taking on the role of CFO. "We are seeing a huge transition of women from just family organizer to chief family financial officer. This has become a transformational recession for women."
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