Greater percentage of women than men have retirement concerns — Transamerica

A greater portion of female employees cited various retirement concerns compared with male employees, based on the recently released annual Transamerica Retirement Survey of Workers conducted in September and October. These include 44% of women who had trepidation about outliving savings and investments (compared with 38% of men), 43% who mentioned Social Security getting reduced or eliminated (34% of men) and 41% concerned about their health requiring long-term care (39% of men).

Women generally had lower confidence than men that they can retire comfortably, with 16% very confident and 42% somewhat confident. By contrast, 23% of men were very confident, and 48% were somewhat confident about retiring comfortably.

A significant percentage of women, 26%, expect Social Security to become their primary retirement income source compared with 21% of men. A large share of woman, 38%, anticipate relying primarily on retirement plans such as their 401(k) and IRAs vs. 42% of men.