US Women Face Retirement Savings Shortfall, Survey Reveals
Prudential Financial report shows women have only saved one-third of what men have for retirement, highlighting significant financial disparities.
- Women have saved a median of $50,000 for retirement, compared to $157,000 saved by men.
- Inflation, housing prices, and tax policy changes are major barriers to women's retirement savings.
- Women are three times more likely to prioritize family needs over saving for retirement.
- Only 27% of women look forward to retirement, compared to 46% of men.
- The report indicates a broader financial unpreparedness among Americans approaching retirement age.