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Do women save more than men? - News Nation
Although men have spent more time in the labor force and have more saved in workplace retirement accounts, women tend to contribute a larger share of their paychecks to those plans. In Vanguard’s recent analysis of nearly 5 million American workers, the average man’s 401(k) balance was $194,597 compared with the average woman’s balance of $146,476. But these balances do not necessarily mean men are better savers. Andrew Dorn, writing News Nation, reports on the findings of Vanguard’s latest How Americans Save report. Read Mr. Dorn’s article here…
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