There is a US retirement gap, and women are saving a lot less [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
In the United States, the “retirement-savings gap”––the difference between what a person believes they need to retire comfortably, and how much they currently hold––is growing fast. But among women, the gap is even wider. In 2020, the American worker's “magic target” for retirement was $951,000. In the five years since, according to a new survey by Northwestern Mutual , that number has crept up to $1.46 million, in a rate of increase that outpaces inflation. Meanwhile, the average amount Americans have saved for their retirement currently stands at $88,400. Retirement gap disproportionately affects women However, there's an even more pressing retirement gap appearing in U.S. society, and like many of the other gaps, this retirement gap disproportionately affects women. While dollars and cents may appear indiscriminate on a bottom line, in actual fact retirement outcomes are anything but gender-neutral. A Goldman Sachs report earlier this year found that 28 percent of women
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