Women have a more negative view of their financial health than men, even if they’re in good shape financially. That’s according to Prudential’s new Financial Wellness Census, which finds that among financially healthy women, 10.1 percent have a negative view of their money situation, compared with just 6.3 percent of financially healthy men. The same holds true, with no statistically significant difference, among women who aren’t financially healthy.
Prudential defined “financially healthy” as doing better than average, based on income levels, savings and debt. On average, women have saved 43 percent less for retirement than men. In addition, 46 percent say they have no retirement savings at all.
The data shows women and men on average expect to retire at age 67. But women have saved an average of only $115,000 compared with an average of $203,000 for men. That may be contributing to their negative views of their finances.
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