Retirement: The Gender Gap

    Men
  Women
Confidence in Overall Retirement Income Prospects
Very Confident
Not Confident
 

32%
27

 

18%
34

Confidence in Personal Financial Preparations
Very Confident
 

36

 

27

Have Done Retirement Savings Need Calculation
--Reasons for not doing the calculation
Can't find time
Can't save more
Process too complicated
Afraid of the answer
 

39

37
56
23
23

 

36

40
56
16
34

Use of Employer-Provided Educational Material
Changed contribution amount
Changed asset allocation
 

41
47

 

34
52

Social Security Trust Fund Exhaustion Will Leave
System Completely Broke and Unable to Pay Benefits
True
 

30

 

40

Expected Most Important Source of Retirement Income
Employer-funded retirement plan
Money you put into savings/retirement plan through work
Social Security
Own personal savings/investments
Support from children or other family
Part-time or full-time employment
Don't know
 

25
28
11
24
1
9
3

 

23
28
13
22
2
9
4

Source: 1997 Retirement Confidence Survey