Gender gap remains wide when it comes to retirement savings
August 27, 2024 by Gregg Greenberg
Women still trail men when it comes to financial security by a sizable margin, according to a Prudential survey.
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Wink’s Moore on the Market: When it comes to retirement, women have “less than a third the median savings of men.”
Can you believe that?!?
Caroline Feeney with Prudential Financial points-out that that “women today still earn roughly about $0.80 cents to the dollar compared to men.”
And when it comes to investing for retirement, Feeney says women tend to “be more conservative in their approach, thus hampering long-term performance.”
Plus, women live an average of six years longer than men!
We have some catching-up to do.
Lots of insights into the gender savings gap, here: -sjm
Originally Posted at InvestmentNews on August 23, 2024 by Gregg Greenberg.
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