Women have $54,000 saved on average, compared to $62,000 for men
Women, on average, have less saved than men, with a savings gap of $8,000.
The average savings for women is $54,000, while men have $62,000 saved.
A recent survey found that women are less likely to use high-yield savings options, with 26% of women using them compared to 14% of men.
Women also reported a lower understanding of how inflation impacts savings rates, with 66% of women not completely understanding the impact, compared to 58% of men.