Women and Retirement
Since 2006 Transamerica Center for Retirement Studies has been publishing research reports and pursuing outreach campaigns regarding women as part of its annual retirement survey. TCRS aims to raise awareness of retirement risks that women face in order to affect positive change.
TCRS research has found that women around the world are concerned that future generations of retirees will be worse off than current retirees. In the United States, women can take greater control of their financial futures by taking small steps today that can ultimately lead to an improved outlook in terms of their long-term retirement readiness.
Based on select findings from the 14th Annual Transamerica Retirement Survey of Workers, Fourteen Facts highlights specific areas of opportunity for women (and offers comparisons to men). It also outlines some of the underlying reasons why women are at greater risk than men of not achieving a secure retirement, such as lower incomes, lower lifetime earnings, time out of the workforce to be a parent or caregiver, and longer life expectancies that drive a need for greater savings.