A potential retirement crisis is brewing among female retirees who have only saved about one-third of the amount men have, according to a Prudential Financial survey released Monday.
The survey of 905 American adults between the ages of 55 and 75 found that while men had saved a median of $157,000 for retirement, women had only set aside $50,000.
In comparison to the men surveyed, women were three times more likely to be focused on providing for their families and children than saving.
Nearly half, 46%, of men surveyed said they were looking forward to retirement and had more plans, compared with 27% of women polled.
https://www.foxbusiness.com/economy/retirement-crisis-looms-womens-savings-just-one-third-mens
I hope the statistics for millennials will be much different. I’m working on building my own wealth currently.