In many ways, single women face the same problems as men when they consider how to retire with enough income, with one exception: They worry more.
Women in general are more likely than men to put money into their workplace retirement account and one third of women, according to a survey, said their savings plans are “on track.” But eight in 10 women have concerns about saving enough for retirement, with 54% saying they are “very concerned.”
Their worry is not misplaced. For one thing, it’s more difficult for a single person to save than it is for a couple. And when one member of a two-earner couple loses a job or gets sick it presents difficulties — but it’s not as scary as when you are the sole earner in a household. More