A Shockingly Low Number of Women Are Confident About Their Retirement Prospects
The idea of leaving the workforce for good can be daunting to men and women alike. But new data from Transamerica reveals that the overwhelming majority of women sorely lack confidence in what the future holds for them. In fact, only 12% of women are very confident that they'll manage to retire and maintain a comfortable lifestyle.
If you're feeling insecure about retirement, here are a few key moves you can make during your career to improve your prospects during your senior years.
Women have a median $23,000 socked away for retirement. Among younger women -- those in their 20s and even 30s -- that's not necessarily cause for alarm, but among women nearing retirement, it's downright disturbing, especially since women anticipate needing a median $500,000 in savings to live comfortably once they stop working.
Source Fool.com
