Newsletter

Stay up to date with the latest from MAKERS delivered straight to your inbox. Sign up for new stories from trailblazing women, a big dose of inspiration, and exclusive MAKERS content.

Newsletter Confirmation

Thank you for joining! Please check your inbox for our special welcome letter
with exclusive updates from MAKERS.

Women Have Half the Retirement Savings as Men for This Reason

Women Have Half the Retirement Savings as Men for This Reason

A new study released by Vanguard Research found that men have retirement savings account balances that are 50 percent larger than those of women.

But women aren't saving less because they're less savvy investors, according to Fortune.

The study found that women are actually taking as many risks as men do.

According to Fortune, the study examined 720,000 eligible employees, and found that in defined contribution plans — such as 401Ks — women and men allocated about the same proportion of their savings to equity.

Women allocated 73 percent and men allocated 74 percent.

Vanguard blames the gender pay gap for the reason that women's retirement account balances are half the size of men's.

For the full story, click here

NEXT: Study Finds Men are Less Attracted to Intelligent Women »

Related Stories:
• Study Finds That Angry Women At Work Pay the Price
• Study Finds This to Be True About the "Male" and "Female" Brain

Photo Credit: JGI/Jamie Grill via Getty Images