NEW YORK (Reuters) – Women in the U.S. have saved just a third of the amount that men have set aside for retirement, setting up a potential crisis among female retirees, according to a Prudential Financial survey released on Monday.<\/p>\n\n\n\n
On average, men had saved $157,000 for retirement, while women had only put aside $50,000 according to a survey of 905 U.S. adults between the ages of 55 and 75.<\/p>\n\n\n\n
“The financial futures of certain cohorts – such as women – are especially precarious,” Caroline Feeney, CEO of Prudential’s U.S. Businesses, said in a statement. “Women have a more challenging time saving for retirement,” she added, citing inflation, housing prices and changes in tax policies as the main barriers. <\/p>\n\n\n\n
Compared with the men surveyed, women were three times more likely to be focused on providing for their families and children than saving. <\/p>\n\n\n\n
Of the respondents, 46% of men said they were looking forward to retirement and had more plans, compared with 27% of women polled, the survey showed. <\/p>\n\n\n\n