Women Entrepreneurs Need to Close the Retirement Gap

Women Entrepreneurs Need to Close the Retirement Gap - http://smallbiztrends.com Avatar Posted by lyceum under Finance
From http://smallbiztrends.com 2545 days ago
Made Hot by: FutureVision on October 23, 2015 9:51 am
Small business owners have long been behind the curve when it comes to saving for retirement. A widely cited American Express survey from a couple years ago reported that just 54 percent felt they were on track to save enough for retirement. As a small business journalist for longer than I care to remember, I’ve seen this type of statistic over and over again.
However, there is one category of people who save even less for retirement than small business owners do: women.
Recently, former Bank of America CEO Sallie Krawcheck made headlines when she spoke about the “retirement gap,” a shortfall she pegged at $13 trillion between the amount U.S. women need to retire comfortably and the amount they have actually saved.





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