Nearly 1 in 5 working women have nothing saved for retirement
March 11, 2020 by Michelle Fox
When it comes to saving for retirement, many working women are falling short.
Almost one-fifth, or 19%, of working women have nothing saved for retirement, according to a new CNBC/SurveyMonkey Women at Work Survey. The poll surveyed 1,068 working women in the U.S. from Feb. 10-14.
“It’s not because women don’t save because they spend too much,” said certified financial planner Avani Ramnani, who called the numbers “scary.”
Instead, the problem stems from the fact that women still earn less than men, she said.
As of 2018, women earned 85% of what men make, according to a January Pew Research Center analysis.