BofA data finds men’s average 401(k) account balance exceeds women’s by 50 percent
BofA data finds men's average 401(k) account balance exceeds women's by 50 percent Bank of America released its 2023 Financial Life Benefits® Impact Report (PDF), revealing that the average 401(k) account balance among men is 50% greater than women's overall ($89,000 vs. $59,000). However, this gender imbalance is closing among younger generations. Baby Boomer (ages 58-76) [...]