- 15. Two in three women (66%) would like more information and advice from their employer on how to reach their retirement goals.
- 14. Just 16% of women say they have “a lot” of working knowledge about personal finance.
- 13. Women have $44,000 in total household retirement savings (estimated median). Baby Boomer women have saved $98,000, compared with Generation X ($61,000), Millennials ($37,000), and Generation Z ($21,000) (estimated medians). It is questionable whether many women are saving adequately for a retirement that could last 20 to 30 or more years.
- 12. One-third of women (33%) have taken a loan, early withdrawal, and/or hardship withdrawal from their 401(k) or similar plan or IRA.
- 11. Among women offered a 401(k) or similar plan, 79% participate, contributing 10% (median) of their salary.
- 10. Women who work full time (81%) are more likely to be offered a 401(k) or similar employee-funded retirement plan than women who work part time (46%).
- 9. Most women (78%) are saving for retirement at work and/or outside the workplace.
- 8. More than three in four women (77%) are concerned that Social Security will not be there for them when they are ready to retire.
SEE NEXT: The Top Facts About Women’s Retirement Outlook