Faculty Publications

Title

Abysmal Financial Literacy Rates For Women Are Hurting Their Retirement Security

Document Type

Article

Publication Date

7-26-2017

Abstract

A recent survey, the 2017 RICP® Retirement Income Literacy Report, by The American College of Financial Services, found that retirement age women lag significantly behind their male counterparts when it comes to retirement income literacy. Only 18 percent of female respondents between the ages of 60 and 75 could pass the retirement income focused literacy quiz, while roughly 35 percent of male respondents could pass the quiz.