American women keep savings in low-yield accounts, Vanguard survey finds

7 articles · Updated · MarketWatch · May 8

The latest report says 46% hold savings earning under 3% even as inflation runs at 5.5%, while CDs pay 4% or more and three-month Treasury bills about 3.7%.
Advisers warn excessive cash can erode purchasing power and leave savers short in retirement, urging women to match short-term cash needs with longer-term investing for growth.
Earlier Vanguard findings showed more than 70% of women felt confident about saving, highlighting a gap between confidence and strategy as many keep non-retirement money in accounts lagging inflation.

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