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Pru: Women Worry More About Retirement Than Men Do

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NU Online News Service, June 11, 2003, 4:05 p.m. EDT – U.S. women who are nearing retirement age are far more nervous about financing their retirement years than men in the same age group, according to survey results released by Prudential Financial Inc., Newark, N.J.

When researchers polled 359 full-time U.S. workers between the ages of 45 and 60 in December 2002, they found that only 48% of the women who participated were confident about their ability to achieve retirement goals, compared with 70% of the male participants.

Only 52% of the women were happy with their current level of household savings, and only 57% said their investments were on the right track.

Meanwhile, two-thirds of the men were happy with their savings level, and 73% said their investments were on the right track.

Forty-seven percent of the women said they feared they might have to postpone retirement. Thirty-two percent of the men shared that fear, Prudential says.