More than half of all American women are feeling upbeat about their financial futures, and 42 percent are confident that their saving and investing decisions are on the right track, according to a new survey from BlackRock. This is a big improvement over last year’s survey, when less than half of women felt positive about their financial futures and only a third were confident about their financial decisions.
According to the survey, 43 percent of women and 41 percent of men have made a priority out of saving to ensure a comfortable retirement. However, 65 percent of men reported saving for retirement, compared with just 55 percent of women.
As a consequence, 75 percent of women surveyed were concerned about being able to achieve their retirement goals, versus 68 percent of men. The survey found that women and men on average had similar goals for an annual retirement income: $45,018 vs. $45,956, respectively.