Prudential Financial recently published its eighth biennial study on the Financial Experience and Behaviors Among Women. The results provide several valuable insights for retirement plan sponsors and benefits consultants.
The study found that women define financial success as a financially secure retirement.In fact, more women identify a comfortable and financially secure retirement as the definition of financial success than any other metric. But while 75% of women believe having enough money to maintain their lifestyle in retirement is very important, only 33% feel they are on track or ahead of schedule in planning and saving for retirement.
