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23 Facts That Illustrate Women’s Risky Retirement Outlook

23 Facts That Illustrate Women’s Risky Retirement Outlook

Only 19% of women workers are “very” confident that they will be able to retire with a comfortable lifestyle, according to 23 Facts About Women’s Retirement Outlook, a recent survey conducted by the Transamerica Center for Retirement Studies® (TCRS).

What they’re saying: “Our research illuminates the challenges faced by women, highlights opportunities to improve their situation, and underscores the societal imperative to ensure their retirement security,” said Catherine Collinson, CEO and president of Transamerica Institute and TCRS.

By the numbers: TCRS compiled 23 facts to illustrate key indicators and contributing factors to the retirement outlook of women workers, including:

  • More than half of women (57%) feel they don’t have enough income to save for retirement.
  • Saving for retirement (53%), building emergency savings (44%), paying off credit card debt (43%), and just getting by to cover basic living expenses (37%) are women’s most often cited financial priorities.
  • Women have only $2,400 in total household emergency savings (median).

Published by

Darryl Hicks

Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.