Corebridge Financial Research Finds Retirement Expectations of Women Don’t Always Meet Realities
Corebridge Financial's new research reveals significant gaps between women's retirement expectations and reality. Only 19% of retired women found retirement matching their expectations, with 50% finding it more expensive than anticipated and 46% retiring earlier than planned. While 51% of retired women rate their current financial health as good/very good, 63% wish they had started saving earlier.
The study shows that only 27% began saving between ages 18-29, and 42% didn't prioritize retirement planning until age 41 or later. For working women, key concerns include inflation (52%) and retiring comfortably (34%). The research highlights that women working with financial professionals show better financial health (59%) compared to those who don't (33%).
Corebridge Financial ha condotto una nuova ricerca che rivela significative discrepanze tra le aspettative e la realtà delle pensioni femminili. Solo il 19% delle donne in pensione ha trovato che il pensionamento corrispondesse alle loro aspettative, con il 50% che ha scoperto che era più costoso del previsto e il 46% che è andato in pensione prima del pianificato. Mentre il 51% delle donne in pensione valuta la propria salute finanziaria come buona/ottima, il 63% desidera di aver iniziato a risparmiare prima.
Lo studio mostra che solo il 27% ha iniziato a risparmiare tra i 18 e i 29 anni, e il 42% non ha dato priorità alla pianificazione pensionistica fino all'età di 41 anni o oltre. Per le donne lavoratrici, le preoccupazioni principali includono l'inflazione (52%) e il pensionamento confortevole (34%). La ricerca sottolinea che le donne che collaborano con professionisti finanziari mostrano una salute finanziaria migliore (59%) rispetto a quelle che non lo fanno (33%).
Corebridge Financial ha realizado una nueva investigación que revela brechas significativas entre las expectativas de jubilación y la realidad de las mujeres. Solo el 19% de las mujeres jubiladas encontró que su jubilación coincidía con sus expectativas, con un 50% encontrándola más cara de lo anticipado y un 46% jubilándose antes de lo planeado. Mientras que el 51% de las mujeres jubiladas califican su salud financiera actual como buena/muy buena, el 63% desearía haber comenzado a ahorrar antes.
El estudio muestra que solo el 27% comenzó a ahorrar entre las edades de 18 y 29, y el 42% no priorizó la planificación de su jubilación hasta los 41 años o más. Para las mujeres trabajadoras, las principales preocupaciones incluyen la inflación (52%) y jubilarse cómodamente (34%). La investigación destaca que las mujeres que trabajan con profesionales financieros muestran una mejor salud financiera (59%) en comparación con las que no lo hacen (33%).
코어브릿지 파이낸셜의 새로운 연구는 여성의 은퇴 기대와 현실 사이에 상당한 격차가 있음을 보여줍니다. 은퇴한 여성의 단 19%만이 은퇴가 자신의 기대에 부합한다고 느꼈으며, 50%는 예상보다 더 비싸다고 느꼈고, 46%는 계획보다 일찍 은퇴했습니다. 은퇴한 여성의 51%가 현재 재정 건강을 좋음/매우 좋음으로 평가하지만, 63%는 더 일찍 저축을 시작했더라면 좋았을 것이라고 생각합니다.
연구에 따르면, 단 27%만이 18세에서 29세 사이에 저축을 시작했으며, 42%는 41세 이상이 되어야 은퇴 계획을 우선시했습니다. 직장 여성들에게 주요 관심사는 인플레이션(52%)과 편안한 은퇴(34%)입니다. 연구는 재정 전문가와 함께 일하는 여성들이 그렇지 않은 여성들(33%)에 비해 더 나은 재정 건강(59%)을 보여준다는 점을 강조합니다.
Corebridge Financial a mené une nouvelle recherche qui révèle d'importantes lacunes entre les attentes en matière de retraite et la réalité des femmes. Seules 19 % des femmes retraitées ont trouvé que leur retraite correspondait à leurs attentes, 50 % la trouvant plus coûteuse que prévu et 46 % prenant leur retraite plus tôt que prévu. Bien que 51 % des femmes retraitées évaluent leur santé financière actuelle comme bonne/très bonne, 63 % regrettent de ne pas avoir commencé à épargner plus tôt.
L'étude montre que seulement 27 % ont commencé à épargner entre 18 et 29 ans, et 42 % n'ont pas donné la priorité à la planification de la retraite avant l'âge de 41 ans ou plus. Pour les femmes actives, les principales préoccupations incluent l'inflation (52 %) et la retraite confortable (34 %). La recherche souligne que les femmes travaillant avec des professionnels de la finance affichent une meilleure santé financière (59 %) par rapport à celles qui ne le font pas (33 %).
Corebridge Financial hat eine neue Forschung durchgeführt, die erhebliche Unterschiede zwischen den Rentenerwartungen und der Realität von Frauen aufzeigt. Nur 19% der rentenberechtigten Frauen fanden, dass ihre Rente ihren Erwartungen entsprach, während 50% sie als teurer als erwartet empfanden und 46% früher als geplant in Rente gingen. Während 51% der rentenberechtigten Frauen ihre aktuelle finanzielle Gesundheit als gut/sehr gut einstufen, wünscht sich 63%, sie hätten früher mit dem Sparen begonnen.
Die Studie zeigt, dass lediglich 27% zwischen 18 und 29 Jahren mit dem Sparen begonnen haben und 42% die Altersvorsorge erst ab dem 41. Lebensjahr oder später priorisierten. Für berufstätige Frauen sind die Hauptanliegen Inflation (52%) und ein komfortabler Ruhestand (34%). Die Forschung hebt hervor, dass Frauen, die mit Finanzprofis zusammenarbeiten, eine bessere finanzielle Gesundheit (59%) aufweisen als diejenigen, die es nicht tun (33%).
- 51% of retired women report good or very good financial health
- 61% of women are actively working to address their financial concerns
- Working with financial professionals correlates with better financial outcomes (59% vs 33%)
- 50% of retired women find retirement more expensive than anticipated
- 46% had to retire earlier than expected
- 42% didn't begin prioritizing retirement planning until age 41 or later
- Only 19% of retired women found retirement matching their expectations
Study findings shed light on retirement from the point of view of those already retired and those still in their working years, with key insights into surprises, concerns and helpful actions
While
“It’s encouraging to see more than half of retired women feeling good about their current financial situations, but there are clearly some stark differences between expectations for retirement and the realities,” said Terri Fiedler, President of Retirement Services at Corebridge Financial. “Women are both starting retirement earlier than expected and managing costs that are higher than anticipated. These dual challenges point to the importance of creating an action plan early in your working years that can help you both build your retirement savings and make them last throughout your retirement.”
Learning from those before you
Less than half (
Behind inflation (
Among retired women, the number one financial step they say they got right in their preparation for retirement is working with a financial professional, cited by
“Retired women’s reflections are like messages from the future and hopefully inspire younger women to take those crucial first and next steps toward a secure retirement,” Fiedler said. “At the same time, it’s important for those already in retirement to remember that it’s never too late to take action no matter where they are in their financial journey.”
Action steps for retirement savers and retirees
For non-retirees and retirees alike, there can be obstacles to taking action that address financial concerns. Nearly four in ten (
Despite these challenges, women appear determined to take action. Sixty-one percent of women say they are actively working to address their concerns, including
Here are some action steps women can take to move their financial futures forward:
-
Envision your retirement: The most popular action step women in their working years are taking to address their financial concerns is conducting research to understand their retirement needs according to the Corebridge survey. This is an important first step, as creating an accurate picture of the retirement you envision can help identify what savings and investment strategies you might need. Looking ahead, non-retired women most commonly envision their retirement to include spending time with loved ones (
39% ), traveling (36% ) and picking up new hobbies (33% ). -
Start saving now and maximize contributions: With
63% of retired women saying they wish they had started saving earlier and31% saying they wish they had contributed more of each paycheck into their retirement plan, the message is clear: Start contributing to a workplace retirement plan as early as you can. Where possible, try to contribute enough to take advantage of employer matching. -
Create your own lifetime income for retirement: Among both retired and non-retired female respondents, the combined category of savings/money market accounts represents the most widely owned asset. However, the second most widely owned asset among retired women (
33% ) is a pension, compared to just9% of non-retired women who say they have one. Conversely,31% of non-retired women said they have a workplace retirement account, compared to16% of retired women. This reversal of ownership reflects a changing retirement landscape in which the responsibility to secure a lifetime income stream is increasingly shifting to individuals. Perhaps not surprisingly, retired women surveyed were nearly three times as likely to own an annuity compared to non-retired women at ownership rates of13% and5% respectively. -
Consider working with a financial professional: The Corebridge survey finds that working with a financial professional is strongly correlated with better financial health and confidence. Nearly three in five women who work with a financial professional (
59% ) rate their financial health positively, compared to just33% who do not. Women who use a financial professional also feel more confident in their financial capabilities, especially when it comes to retirement and making investments. Nearly three in five women who work with a financial professional (57% ) have confidence in their ability to plan for retirement, and46% are confident in their ability to make sound investments compared to just24% and18% respectively among those who don’t.
Additional insights on the 2024 Women Speak Out on Money Matters survey can be found at Corebridge Insights & Education.
Methodology
The 2024 Corebridge Financial Women Speak Out on Money Matters study is based on online survey responses conducted by Morning Consult on behalf of Corebridge Financial between May 2-8, 2024, among a national sample of 4,023 adults (2,574 women and 1,439 men).
About Corebridge Financial
Corebridge Financial, Inc. (NYSE: CRBG) makes it possible for more people to take action in their financial lives. With more than
View source version on businesswire.com: https://www.businesswire.com/news/home/20241211148932/en/
Işıl Müderrisoğlu (Investors): investorrelations@corebridgefinancial.com
Jay Russo (Media): jay.russo@corebridgefinancial.com
Source: Corebridge Financial
FAQ
What percentage of CRBG's retired women customers find retirement more expensive than expected?
How many retired women in CRBG's study started saving for retirement between ages 18-29?
What are the top financial concerns for non-retired women according to CRBG's 2024 study?
How does working with a financial professional impact financial health according to CRBG's research?
What percentage of CRBG's retired women customers wish they had started saving earlier?
