Retirement crisis looms as women's savings just one-third of men's: report [FOX Business Network]
Prudential Financial, Inc. (PRU)
Last prudential financial, inc. earnings: 2/4 04:18 pm
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Source: FOX Business Network
A potential retirement crisis is brewing among female retirees who have only saved about one-third of the amount men have, according to a Prudential Financial survey released Monday. The survey of 905 American adults between the ages of 55 and 75 found that while men had saved a median of $157,000 for retirement, women had only set aside $50,000. "The financial futures of certain cohorts – such as women – are especially precarious," Caroline Feeney, CEO of Prudential's U.S. businesses, said in a statement. "Women have a more challenging time saving for retirement ," she added, noting that inflation, housing prices and changing tax policies have been the main barriers. In comparison to the men surveyed, women were three times more likely to be focused on providing for their families and children than saving. Nearly half, 46%, of men surveyed said they were looking forward to retirement and had more plans, compared with 27% of women polled. "The upside is that, with the rig
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PRU
Earnings
- 4/30/24 - Miss
PRU
Sec Filings
- 6/24/24 - Form 11-K
- 6/17/24 - Form 4
- 6/17/24 - Form 4
- PRU's page on the SEC website