Transamerica Center for Retirement Studies(R) Explores Actionable Approaches for Women to Better Engage and Successfully Prepare for Retirement
LOS ANGELES, Jan 10, 2012 -- Women of all ages share dreams of retirement that include traveling, spending time with family and friends, and pursuing hobbies, but only 8 percent strongly agree that they are building a large enough retirement nest egg, according to research released by the non-profit Transamerica Center for Retirement Studies(R) ("The Center"). As part of its 12th Annual Transamerica Retirement Survey, the Center surveyed over 1,800 American women workers to understand where their outlook stands today and what approaches could help them make their retirement futures brighter.
"Historically, women are more likely than men to take time out of the workforce for parenting and caregiver responsibilities. Over the course of a woman's career, these factors translate to reduced earnings and lower long-term retirement savings," says Catherine Collinson, president of The Center. "An important first step toward helping women build retirement confidence is to raise awareness about the issues and then highlight ways that women can take greater control of their financial future." The Transamerica Center for Retirement Studies(R) research outlines actionable steps women can take to boost their financial security in retirement and old age.
View the full text of the press release (click here).