InfographicWomen in Healthcare Are Struggling to Achieve Financial Wellness

Helping women in your workforce address this issue may make your organization more secure now and in the future.

Retirement is more at risk for women in healthcare.1

Women in healthcare: average retirement savings account balances are lower than their peers’.

Women in other industries: average retirement savings account balances are 46% higher.

Men in healthcare: average retirement savings account balances are 70% higher.

Each year, women in healthcare contribute 52% less than their male peers.2

Focus: student debt

Student loans are an outsized issue in healthcare, especially for women.

Women in healthcare who say student loan debt is causing financial stress: 39%.2

Young workers who would commit to 5+ years in exchange for student loan help: 86%.3

Women in healthcare want employers’ help.4

Women in healthcare rely on employer-sponsored plans for retirement 22% more than women in other industries. Women in healthcare: 60%; women in other industries: 49%.

Women in healthcare are 52% more interested in getting advice about money and investing than women in other industries. Women in healthcare: 38%; women in other industries: 25%.

The opportunity is now to improve financial wellness outcomes for you and the women you employ.

Women are 78% of your workforce.5 Your future depends on attracting and retaining them.

Contact your Prudential representative, call 800-353-2847 or email retirementsolutions@prudential.com

Footnotes

Sources

  1. 2017 Prudential book of business DC retirement account data.
  2. Prutection Score Employee Research, January 2017.
  3. American Student Assistance Young Workers and Student Debt Survey, February 2017.
  4. Total Market Scan Research, October 2017.
  5. The State of Women in Healthcare, Rock Health Report, 2015.

Disclosures

Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company (PRIAC), Hartford, CT or its affiliates. PRIAC is a Prudential Financial company.

Copyright 2018 Prudential Financial, Inc. and its related entities. Prudential, the Prudential logo, the Rock symbol and Bring Your Challenges are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

Footnotes

Disclaimer

Prudential, the Prudential logo, the Rock symbol and Bring Your Challenges are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

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