Practically 1 in 5 working girls don't have anything saved for retirement



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In the case of saving for retirement, many working girls are falling quick. 

Nearly one-fifth, or 19%, of working girls don't have anything saved for retirement, in response to a new CNBC/SurveyMonkey Girls at Work Survey. The ballot surveyed 1,068 working girls within the U.S. from Feb. 10-14.

"It is not as a result of girls do not save as a result of they spend an excessive amount of," mentioned licensed monetary planner Avani Ramnani, who known as the numbers "scary."

As a substitute, the issue stems from the truth that girls nonetheless earn lower than males, she mentioned.  

As of 2018, girls earned 85% of what males make, in response to a January Pew Analysis Heart evaluation.

"In the event you earned that a lot much less and it is not like your bills are any fewer that has a direct influence on the sum of money you've gotten saved in your retirement," mentioned Ramnani, director of economic planning and wealth administration at Francis Monetary in New York.

The survey additionally discovered that 14% did not understand how a lot cash that they had put away.

When it...



Supply cnbc.com



Source marketwatch.com