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Women trail men in retirement savings growth

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in Compensation and Benefits,Human Resources

Women invest 6% to 12% more than men in defined contribution plans such as 401(k)s, according to the Vanguard investment firm’s “2014 How America Saves” report. Yet women’s account balances tend to lag far behind those of their male colleagues. Vanguard found that women’s average 401(k) balance was $77,000 compared to $107,000 for men with similar earnings and age.

One possible explanation: 44% of men say they feel comfortable investing in the booming stock market, compared to just 22% of women.

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