Both men and women are facing a retirement crisis, but it disproportionately affects women, according to the Pension Rights Center.
The retirement income deficit is $6.6 trillion, which is the gap between what people have currently saved and what they will need to retire comfortably. Women continue to be hit the hardest, even though more women are working than ever before.
Older American women are still twice as likely as elderly men to be living near or below the federal poverty line. They also are less likely to have access to reliable retirement income, according to the Service Employees International Union, which released a video on the topic for Women's History Month.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.