About 50% of women ages 55 to 66 have no personal retirement savings, a higher share than men (47%), according to U.S. Census Bureau data. Those who do have retirement savings are less likely to have $100,000 or more (22% vs. 30%). "The picture is pretty bleak for women" who don't save enough for retirement, Cindy Hounsell, founder and president of the Women's Institute for a Secure Retirement, said Tuesday at CNBC's Women & Wealth event. watch nowThey may become burdens on their children if they have kids who can offer financial support, she said at the Women & Wealth event. Compounding the problem: Caregiving, especially for a spouse, has a "more detrimental economic impact" on women, according to the National Institute on Retirement Security.

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Persons: Momo, Cindy Hounsell, Marianela Collado, Collado Organizations: Stone, Getty, Census, Women's Institute, CNBC's, Pew Research, Security, Financial, National Institute on Retirement Security Locations: U.S, Plantation , Florida