Sunday, June 19, 2011

Report: Working Women ‘Markedly Less Confident’ About Retirement than Men

Workforce Management
June 17, 2011

Working women not only earn less on average than their male counterparts. They also set aside less money for retirement, raising the prospect of financial difficulties later in life, according to a report released June 14.
“Gender Gap in Financial Literacy,” by El Segundo, California-based Financial Finesse, found that men and women are virtually equal when it comes to participating in company-sponsored 401k and other retirement plans. Ninety-two percent of women participate vs. 91 percent of men. That’s up from 83 percent and 88 percent, respectively, in 2010.

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