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Marital status ‘significant factor’ in women’s retirement confidence: IRI

A report from the Insured Retirement Institute found that boomer womens confidence in retirement planning was significantly influenced by their marital status.

By Danielle Andrus | Updated on September 27, 2011

A report from the Insured Retirement Institute found that boomer women’s confidence in retirement planning was significantly influenced by their marital status.

Almost half of married women said they were doing a good job of preparing for retirement, compared with just 30% of unmarried women. Sixty percent of married women have attempted to determine how much they’ll need to save, compared with 41% of unmarried women. Unmarried women are more likely to report not being very knowledgeable about financial products and are far more likely to believe Social Security will be a major part of their retirement income.

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