What we are hearing is that employers are very confused about how to choose among the array of advice providers, what is expected of them and how they can do that without violating any fiduciary responsibilities. Q Culturally, minority groups sometimes save money differently. I'm not sure I can comment on private-sector marketing. It's important for us to focus on our own responsibilities. At the Labor Department, for the past five years we have been leading a retirement saving education campaign to work with folks on the need to save.
Women comprise one population that is going to face a special challenge saving for retirement.
They are going to make less than men. They change jobs more often. They probably spend more of their adult life than men not working. And there's a greater likelihood they work for a small employer that doesn't offer a retirement plan at all. For all those reasons they probably build up less in Social Security, less in an employer retirement plan and have less savings on their own.