1. column
  2. Top Line

Gender Gap in Financial Preparedness

Please note: This item is from our archives and was published in 2007. It is provided for historical reference. The content may be out of date and links may no longer function.

Related

TOPICS

The latest Retirement Fitness Survey reported about six out of 10 women felt worried (58%) and uncertain (61%) about planning financially for retirement. Married women appeared less prepared than their unmarried counterparts, with 39% vs. 27% not knowing how much they had saved for retirement (20% of married men and 28% of unmarried men reported not knowing their total savings). Only one in eight respondents had a detailed plan of how much they needed to save and how to reach that goal.

Women cited coaching and education about investing, in addition to a better evaluation of their expenses and where they can cut back, as resources that would improve their preparedness.

Source: Wachovia’s Retirement Fitness Survey, www.wachovia.com.