A new survey by PNC Financial Services Group discovered members of Generation X are working harder to avert a retirement crisis. Meanwhile, many baby boomers in their 50s and 60s are falling behind. Although it’s not a competition to see who retires with the most cash, it is important to get motivated so you don’t outlive your retirement money.
Actuarial data shows women live longer than men, but many women lag behind in retirement savings. Astute retirement planning gives modern women the edge whether they are single, married, work outside the home or manage a household. According to an article by cnbc.com, women in the United States save less money for retirement compared to their male peers.