Wage Gap Impacts on Women’s Retirement: Tips to Overcome
When it comes to retirement savings, women are at a disadvantage compared to their male counterparts. From the impact of the gender wage gap compounding over a lifetime, to caregiving responsibilities, divorce implications, and more, women often make and save less money than men. Yet, the data shows that they outlive men and are much more likely to end up widowed. When all that combines, the reality for many women is that their typically smaller savings for retirement must cover a longer timeframe. By the Numbers A report from the National Institute for Retirement Security (NIRS) found that women who were […]
