Sallie Krawcheck, former President of Global Wealth & Investment Management at the Bank of America. (AP Photo/Mark Lennihan)

(Bloomberg) — The burden of the retirement savings shortfall in the U.S. will weigh heavily on women, according to Sallie Krawcheck, a former executive at Bank of America Corp. and Citigroup Inc.

“It is, in particular, a women’s crisis,” she said Tuesday at the American Council of Life Insurers conference in Chicago. “It’s a gender crisis.”

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