USA TODAY: …A recent study by Wells Fargo found that 61% of millennial men have started saving for retirement, compared with 50% of millennial women. Only 41% of millennial women are satisfied with their savings level, compared with 58% of millennial men…
Just for starters, millennial women are earning less than men. The Wells Fargo study found that median annual household income for millennial men was $77,000, compared with $56,000 for women…
Even apart from financial literacy, women tend to be more risk averse than men, studies show, and they are less likely to take risk for the opportunity of a reward. So even if they do put money away, they are less likely to invest it… (more)
