NU Online News Service, July 20, 2004, 5:55 p.m. EDT
Republican women may be worrying even more about retirement savings than Democratic women are.[@@]
Prudential Financial Inc., Newark, N.J., has published data supporting that conclusion in a report on a Web-based survey of 1,134 U.S. women between the ages of 25 and 68 that was conducted in February.
Researchers found that about 50% of the women who called themselves Republicans or Independents expected to save more in the next 12 months, compared with just 41% of the women who called themselves Democrats.
Only 9% of the Democratic women, 10% of the Independent women and 11% of the Republican women said they were “very confident” that they knew how much money it would take to address their mature years.
But 13% of the Democratic women said they felt “very confident” that they would avoid running out of money during retirement. Only 9% of the Independent women and just 2% of the Republican women said they were very confident that they would avoid running out of money during retirement.