The Struggle of Retirement Saving for Women: Impact of Longer Lifespans and Pay Discrepancy
Wednesday, 17 July 2024, 12:02
Challenges in Retirement Saving for Women
Women experience difficulties in saving for retirement
Factors Contributing to Challenges
- Longer life expectancies: Women tend to live longer than men
- Pay discrepancy: Women often earn less than men
The combination of longer lives and lower pay presents a significant obstacle for women in building retirement savings. It highlights the need for tailored financial strategies to bridge the gap and secure their retirement future.
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.