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How The Gender Income Gap Impacts Women s Retirement

Channel3000.com December 16, 2020 10:18 AM E. Napoletano - Forbes Advisor Posted: Updated: December 18, 2020 7:37 AM It’s natural to have concerns about whether you’re saving enough for retirement. A report from the National Institute for Retirement Security (NIRS) finds that women, in particular, remain at a disadvantage with their retirement savings. Women aged 65 or older have a median household retirement income of $47,244, only 83% of their male counterparts, who live in households with a median retirement income of $57,144, including Social Security, pensions, investment income and earnings. The study determined that several factors contribute to the gender income gap in retirement, including wage gaps throughout a woman’s career, divorce and caregiving responsibilities.

How The Gender Income Gap Impacts Women s Retirement | Smart Change: Personal Finance

How The Gender Income Gap Impacts Women s Retirement | Smart Change: Personal Finance
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