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.
“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.