Single women are the most likely to have retirement shortfalls, finds a study from the Employee Benefit Research Institute.
In their study, EBRI’s projection model classified households as single female, widow, single male, and widower. According to EBRI’s research, single women are also more likely to have significantly larger retirement deficits than other groups.
The average retirement savings shortfall for single females is $72,893. The average for widows is $22,783 and widowers have an average retirement savings shortfall of $18,476.