U.S. women have just 1/3 of men's savings: report
STORY: Women in the U.S. have just one-third of the amount of retirement savings as men, setting up a potential crisis for female retirees.
That's according to a survey released Monday by Prudential Financial.
Men had saved a median $157,000 for retirement, while women had only put aside $50,000, according to the results.
Prudential cited inflation, housing prices and changes in tax policies as being particularly challenging for women, calling their financial futures (quote), "especially precarious."
Women were also three times more likely than men to be focused on providing for their families and children than saving.
More than 900 adults, aged 55 to 75, were polled for the survey.
Forty-six percent of the men said they were looking forward to retirement, compared with only 27% of women polled.
The survey also showed that 55-year-old Americans are financially unprepared for retirement. The median savings for a person that age was just under $48,000, compared with the more than $446,000 recommended by Prudential.