‘Perfect Storm’ Causing Lower Retirement Confidence for Certain Women

women retirees

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“Unmarried women workers and retirees have lower retirement confidence than their married counterparts and are more likely to have lower incomes and assets,” according to new research from the Employee Benefit Research Institute (EBRI).

“The survey results are a real wake-up call when it comes to the situation of unmarried women workers and their retirement prospects.”

Unmarried retirees are also more likely to say that their expenses were higher than they expected and are more likely to have retired earlier than planned.

Key survey findings of the issue brief, titled “The Perfect Storm—Factors Contributing to Lower Retirement Confidence Among Women Who Are Not Married,” include:

“The survey results are a real wake-up call when it comes to the situation of unmarried women workers and their retirement prospects,” Craig Copeland, director, Wealth Benefits Research, EBRI, said in a statement. “The evidence shows that the current slate of ‘help’ solutions aren’t resonating well enough. In particular, a focus on retirement savings is not paramount for them, as opposed to meeting their current financial needs.”

THE COMPLETE ISSUE BRIEF IS FOUND HERE

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