Women are more likely to look forward to and enjoy retirement than men, a report released Monday by Ameriprise Financial found. As part of its New Retirement Mindscape II, Ameriprise Financial found gender may have a "significant impact" on attitudes toward retirement.
Nearly three-quarters of women said they feel "enthusiastic" about reaching retirement, according to the report, compared with 65% of men. Furthermore, over two-thirds of retired women say they are “enjoying retirement a great deal,” compared with 56% of men.
In spite of this gap in enthusiasm, men are more likely to say they are "on track" or "confident" about retirement than women. Fifty-six percent of men said they were on track for retirement, compared with 49% of women. While confidence is low overall, 23% of men said they were confident about their retirement, compared with 17% of women.
Suzanna de Baca, vice president of wealth strategies at Ameriprise Financial, suggested the recession's impact on men could be responsible for the disparity in optimism.
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“While the recession impacted both men and women, men experienced more job losses and career setbacks as a result of the downturn,” she said in a press release.