Millions of small business owners are underprepared for retirement, according to a new survey.
The American College, Bryn Mawr, Pa., published this funding in a summary of results from a new survey of 1,255 U.S. small business owners, including 835 women and 420 men. The survey was conducted online in July 2011 by Ipsos on behalf of the State Farm Center for Women and Financial Services at The American College.
The research reveals that while the overwhelming majority of small business owners are concerned about retirement, a third of the women and a quarter of the men surveyed have not estimated how much they are going to need when they retire.
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