Men think about and talk about retirement more frequently than women and believe they are more educated about the tools needed to prosper during their golden years, according to results of a survey by OneAmerica, a mutual organization of financial companies.
The online survey gathered responses from more than 10,500 participants and studied the role gender plays in retirement readiness.
Men who participated in the survey self-scored themselves as having a significantly higher level of knowledge than women across 10 personal finance and retirement topics, including student loans and taxation on Social Security benefits.
“We’ve known for quite some time that men and women don’t just think about retirement differently, they also talk about it differently,” said Marsha Whitehead, vice president of marketing for retirement services for the companies of OneAmerica. “By understanding these differences, plan sponsors can tailor their education programs to increase the influence they have on male and female participants.”