www.independent.co.uk
Women are significantly behind men in retirement savings, accumulating only 42 pence for every pound saved by men. This stark disparity highlights systemic issues impacting women’s financial security in later life. Potential factors include the gender pay gap, career breaks for childcare, and a higher likelihood of part-time work. These elements contribute to lower lifetime earnings and reduced pension contributions for women. Addressing this inequality requires a multifaceted approach, including promoting equal pay, improving access to affordable childcare, and encouraging women to actively manage their retirement planning.
