The Gender Pension Gap: How Women are Struggling to Close a £136,000 Shortfall

The Gender Pension Gap: A Deepening Financial Disparity

Working single mothers have missed out on more than £852 million in pension savings since the introduction of auto-enrolment in 2012. The gender pension gap has forced women to face an additional 19 years in the workforce to recover a significant £136,000 shortfall.

Key Points:

• Challenges: Women are struggling to bridge the pension savings gap, affecting their financial security and retirement plans.
• Impact: The disparity highlights the urgent need for reforms to promote gender equality in financial planning.
• Future Outlook: Without substantial changes, the gender pension gap is projected to persist, impacting women's retirement prospects globally.