The amount of wealth held at age 59-60 by a typical married woman's household has decreased 23% to $446,000 from $579,000 for those born in the 1930s. For single women, it has jumped about 28% to $290,000 from $227,000.
While those amounts are far apart, the researchers translated the wealth into a retirement-income replacement rate for single and married women — that is, the share of earnings from their working years that will be covered byAmong baby boomer women who were born after the mid-1950s who have spent their adult life mostly married, that income-replacement rate is 35%, down from 44% among those born in the 1930s. For those who have been mostly single, the rate is 33%.
Meanwhile, only 1 in 5 women feels "very confident" of being able to retire comfortably, according to. More than half say they have too much debt or not enough income to save much, and 4 in 10 expect to retire after age 70, or not at all. Additionally, there is still a "wage gap." In 2022, women earned an average of 82% of what men earned, according to a"A lot of the gains that women made have largely played out," Quinby said. "Absent any structural change, I think we won't see the gains we have in the past."
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