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Women Invest More, But Fear Savings Won't Last
12 Oct
Summary
- Women's retirement investment participation rose to 71%.
- Only 30% of women expect retirement savings to last over a decade.
- Women predominantly choose conservative investments like fixed deposits.
The participation of women in retirement investing has seen a notable increase, reaching 71% according to recent findings. This rise outpaces that of men. Despite this progress, a concerning trend is emerging: the percentage of women expecting their retirement funds to last over a decade has dropped to 30%.
When it comes to investment choices, women predominantly opt for conservative instruments like fixed and recurring deposits. This preference is more pronounced compared to men. Concurrently, a substantial number of women express a desire to retire before the traditional age of 58-60, with many aspiring for financial independence even earlier.
While women's financial preparedness index has shown improvement, their health preparedness has slightly declined. Emotionally, women report feeling secure about support from family and friends, though there is a slight decrease from previous surveys. Concerns about future environmental factors impacting retirement life are also present.
