Report: Working Women ‘Markedly Less Confident’ About Retirement than Men
Working women not only earn less on average than their male counterparts. They also set aside less money for retirement, raising the prospect of financial difficulties later in life, according to a report released June 14.
Women face extra obstacles to secure retirement
It took the collapse of her marriage to jolt Luanne Schmidt into action. After years of taking a hands-off approach toward money, the 50-year-old nurse from Lannon, Wis., only recently took charge of her finances. Her savings and retirement security, she knew, were at stake.