Retirement presents a major conundrum for American women. This includes 3 retirement threats for women. At a time when women are living longer, they earn and save less money than their male counterparts. The average lifespan for women is 8 percent longer than that of a man, which means that a sound retirement saving and planning strategy is essential. Beyond savings and planning, the role of women as a caregiver in society is another issue that impacts retirement, because many women end up taking care of aging parents or supporting a grown child. This has the potential to negatively impact both their wage-earning capacity and their ability to plan and save for retirement.
3 biggest retirement threats for women
3 biggest retirement threats for women
3 biggest retirement threats for women
Retirement presents a major conundrum for American women. This includes 3 retirement threats for women. At a time when women are living longer, they earn and save less money than their male counterparts. The average lifespan for women is 8 percent longer than that of a man, which means that a sound retirement saving and planning strategy is essential. Beyond savings and planning, the role of women as a caregiver in society is another issue that impacts retirement, because many women end up taking care of aging parents or supporting a grown child. This has the potential to negatively impact both their wage-earning capacity and their ability to plan and save for retirement.