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Studies often reveal that women are less prepared for retirement financially than men, but a recent survey commissioned by fintech IRALOGIX described women's road to retirement as "harrowing." In fact, many respondents to the survey said retirement won't even be an option for them as financial necessity will compel them to continue working.
Nearly 60% of women surveyed said they don't know how much money they'll need in retirement, don't have a plan to put aside any retirement money, or are struggling to live on their current income so they can't think about retirement savings. Nearly one-third said they will 'wing it' when it comes to future pressures on their retirement savings like supporting aging parents or contributing to a child's/grandchild's education.
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