Women & Retirement: Current Outlook & New Opportunities

The Recruiting News

Women & Retirement: Current Outlook & New Opportunities

(October 14, 2010) The 11th Annual Transamerica Retirement Survey offers insights into the current state of woman and retirement savings, the impact of the recession, and significant opportunities for helping them to improve their retirement outlook.

Historically, it is well-documented that retirement confidence among women has lagged behind men's - in part due to competing financial and life-related priorities, lower savings rates, and lower levels of retirement-related education.

The 11th Annual Transamerica Retirement Survey found that:

Women's retirement confidence has been shaken by the recession more than men's. Fewer women than men are optimistic about the economy improving or their own personal financial situations getting better

Women's current attitudes, actions, and inactions regarding retirement savings continue to put them at risk of achieving a financially secure retirement

Importantly, the 11th Annual Transamerica Retirement Survey found new outreach opportunities for engaging, educating, and empowering women to gain control over their future

Lastly, this report makes recommendations for women, retirement industry outreach initiatives, and changes in public policy for improving retirement security among women

About the TransAmerica Center
The Transamerica Center for Retirement Studies ("The Center") is a non-profit corporation dedicated to educating the American public on trends, issues, and opportunities related to saving and planning for retirement and achieving financial security in retirement.

The Center's research focuses on how to educate and effect positive changes among the American public in achieving greater levels of financial security in retirement. Its research emphasizes savings trends among all Americans and segments within the population, trends of employer-sponsored retirement plans and their participating employees, and the implications of legislative and regulatory changes.

The Center's outreach efforts include a comprehensive website, publishing of research findings through media articles and interviews, collaboration with industry groups and other organizations sharing an interest in this cause.

The Center is a non-profit corporation and private foundation. The Center is funded by contributions from Transamerica Life Insurance Company and its affiliates and may receive funds from unaffiliated third-parties

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