Women may have advanced academically and up the career ladder, but there is still a ways to go in terms of retirement readiness. A new study from ING Retirement Research Institute shows that on average, women have $41,000 less saved than men over the course of a lifetime. For women with children, that gap expands to $61,000.
According to the study, among those who have savings in or outside of an employer-sponsored retirement plan, men have substantially more saved than women, $149,000 on average, compared to women, who averaged $108,000 in total savings. For women with children at home, this retirement savings figure dropped even further to $88,000.
