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Krawcheck Laments $13 Trillion Retirement Gap as Women's Crisis

  • Shortfall is `so big and so ugly,' Krawcheck tells insurers
  • Krawcheck says women, millennials represent opportunity
Sallie Krawcheck.

Sallie Krawcheck.

Photographer: Daniel Acker/Bloomberg

The burden of the retirement savings shortfall in the U.S. will weigh heavily on women, according to Sallie Krawcheck, a former executive at Bank of America Corp. and Citigroup Inc.

“It is, in particular, a women’s crisis,” she said Tuesday at the American Council of Life Insurers conference in Chicago. “It’s a gender crisis.”