Women are paid 83 cents for every dollar men earn. That can make it more difficult for them to set aside meaningful retirement savings.
Women are less likely than men to have $250,000 or more saved in total household retirement accounts, with 24% versus 35%.men earn. And that gap is even bigger for women of color.Moreover, women also confront unique challenges when it comes to planning for their non-working years. For one, they tend to live longer than men.
For female workers, having access to a retirement plan at work is key to boosting their retirement savings.Abundant job opportunities may help women rejoin the work force or find better-paying opportunities.in March, according to the latest government data. Finding a more lucrative position may be a first step toward improving retirement security, particularly if there is an employer match on 401 plan contributions.
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