individual women of various ages, races

Unmarried women don't feel as ready for retirement as married women, according to a new study published by the Employee Research Benefit Institute. The new research, which compared retirement behaviors amongst more than 1,500 workers and 1,100 retirees, found that unmarried women have lower retirement confidence than married women and are more likely to have lower financial assets. According to the data, while 56% of women who had never been married and 58% of divorced women had less than $25,000 in assets, only 27% of married women could say the same.

The report found other discrepancies around retirement finances, too. Married workers felt more confident about their ability to manage their day-to-day finances than women who had never been married and were more confident than single women about their ability to handle emergency expenses. They were also more confident they would have enough assets to last through retirement.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 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.