There have been plenty of studies that highlight the fact that women are running behind when it comes to retirement savings—they have less put away than men despite the fact that, statistically, they’ll need more.
A new study from Vanguard has looked at the data and concluded that the culprit for those low balances is women’s pay, not their savings habits or participation rates.
According to the study, women are 14 percent more likely than men to participate in their employer’s retirement plan, and once they’re enrolled save at higher rates than men at all income levels.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
