Though the fact that women typically earn less money than men has always spelled trouble on the retirement front, recent data reveals that most women don't have the knowledge necessary to make long-term financial decisions. The latest research from Fidelity Investments found that, in general, Americans are more likely to be financially illiterate when it comes to retirement.
Though the fact that women typically earn less money than men has always spelled trouble on the retirement front, recent data reveals that most women don't have the knowledge necessary to make long-term financial decisions. Specifically, only 18% of retirement-age women could pass a basic quiz on planning for the future, whereas 35% of men could do the same.