A survey of American women found that many lack confidence in making financial decisions and don’t have a good understanding of today’s sophisticated financial products. Prudential’s Financial Experience & Behaviors Among Women also revealed that women are optimistic about the future and want financial education and guidance.

Despite the fact that a majority (55%) believe they will need to work longer and delay retirement, three-fourths said they are on track to meet their long-term financial goals or are positioned well to catch up.

Those feeling “very prepared” to make smart financial decisions made up less than 20% of respondents. One-third said they “need a lot” of assistance.

About one-third have a detailed financial plan. In the 25-34 age group, only 10% have a plan.

Over half of the respondents are willing to have others make retirement planning decisions for them. More than 60% look to family and friends for guidance, rather than financial advisors. Those using financial professionals are more likely to say they are on track financially than those who do their own planning.

The study is available at http://tinyurl.com/ WomenFinancialExperience.