Strategies for Women to Overcome Retirement Confidence Gender Gap
Friday, 12 April 2024, 21:00
Gender Gap in Retirement Confidence Revealed
Feeling iffy about your retirement prospect? Read on for steps you can take to improve your outlook.
The Gender Gap: A Financial Disparity
Only 44% of women think they'll be financially prepared for retirement compared to 61% of men, highlighting a significant gap fueled by the gender pay gap.
Strategies for Women to Bridge the Gap
- Start saving early on: Contribute to retirement savings early in your career. Even small contributions over time can lead to substantial savings.
- Invest in stocks: Consider investing in the stock market, historically averaging a 10% annual return, to build a robust retirement nest egg.
- Consult a financial advisor: Seek guidance from a financial advisor to create a tailored savings and investment plan for a secure retirement.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.