Gender Gap in Financial Preparedness


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.

SPONSORED REPORT

2018 financial reporting survey: Challenges and trends

Learn the top reporting challenges that emerged in a survey of more than 800 finance, accounting, and compliance professionals across the world, and compare them with your organization's obstacles.

PODCAST

How the skill set for today’s CFO is changing

Scott Simmons, a search expert for large-company CFOs, gives advice for the next generation of finance leaders and more, including which universities are regularly producing future CEOs and CFOs.