08.23.24

Gender Gap Remains Wide When it Comes to Retirement Savings

by: Gregg Greenberg

According to a study from Prudential, women face acute retirement challenges with less than a third the median savings of men. As for the contributing factors to this worrying savings shortfall for women, Caroline Feeney, CEO of US businesses at Prudential Financial, points to the gender pay gap in America where women today still earn roughly about $0.80 cents to the dollar compared to men. She adds that women are also nearly three times as likely to delay retirement due to caregiving duties.

Read the full article on InvestmentNews