Women save more but have lower 401(k) balances

Vanguard's research indicates women exhibit superior retirement savings habits by contributing a larger portion of their income. Despite this, their 401(k) balances remain lower than men's. This disparity is attributed to systemic factors, primarily the persistent wage gap, where women's earnings trail behind men's. The findings highlight the complex interplay of saving behavior and economic realities in retirement preparedness, suggesting that addressing income inequality is crucial for achieving equitable retirement outcomes.