The survey polled 1,001 people in October 2021.
Among Americans who reported saving more, 44% live in the Northeast.
The numbers tell a different story in the South.
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Pre-pandemic numbers already pointed to a sizable gender gap in retirement savings.
But the pandemic introduced new challenges for working-age women, especially those with children.
The cost of child care is a significant financial burden for many American families.
Women experienced higher unemployment rates throughout the pandemic than men, according to theBureau of Labor Statistics.
Meanwhile, those with the least amount of time until retirement saw the biggest slide.
Nearly 28% of people who made no change to their savings were GenXers.
Just 19% of people who amped up their savings due to COVID are in the 45-to-54 age group.
No matter your age or stage of life, its critical to put money away for retirement.
If youre in your 20s, starting to save now will pay huge dividends later.
If youre in your 50s, its not too late.
Heres The Penny Hoarders comprehensive guide onhow to save for retirementat any age.
1,001 people completed the survey between October 5-7, 2021.
Survey responses are weighted so that each response is representative of the U.S. population.
Rachel Christian is a Certified Educator in Personal Finance and a senior writer for The Penny Hoarder.
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