Are men and women equally
likely to save for retirement? Are there differences between men and women in
contributing to a work-place retirement savings plan or
having an individual retirement account (IRA)?
The 2008 Retirement Confidence
Survey® answers these and other questions. Here are some of the results:
• Men are more likely
than women to say they and/or their spouse have saved for retirement and to
say they are currently saving for retirement (chart below). These
differences appear to result from differences in income. When men and women
with similar levels of household income are compared, both genders are equally
likely to
report saving for retirement.
• Employed women
(58 percent) are as statistically likely as employed men (64 percent) to contribute
to a work-place retirement savings plan.
• Men and women are equally likely statistically to say they and/or their
spouse have an individual retirement account (IRA) opened with money saved outside
of an employer’s retirement plan—not money rolled over from an employer’s
plan.
• Women are more
likely than men to have no savings at all. Twenty-five percent of women have
neither retirement savings nor other savings, compared with 18 percent of
men. However, women and men are equally likely to report having no savings when
household income is controlled.
More information,
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