Women Less Prepared For Retirement?
With all the signs of a rebound, many Americans are looking at an unpleasant retirement. Surveys reveal a majority of workers have saved for their golden years, but the piggy bank is quite slim.
When it comes to planning for retirement, women feel less prepared than men. That’s according to the New Retirement Mindscape 2013 City Pulse index survey, commissioned by Ameriprise Financial. Only 38 percent of women surveyed as part of the study say they feel on track for retirement (or the remainder of retirement) compared with 46 percent of men.
Women’s lack of confidence in the realm of retirement readiness may be tied in part to planning. Seventy-five percent of men surveyed report that they’ve done at least some preparation for retirement, compared with 70 percent of women. And over half of men (55 percent) say they’ve contributed to a 401(k) plan, while only 47 percent of women claim they’ve done the same.
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