There have been plenty of studies that highlight the fact that women are running behind when it comes to retirement savings—they have less put away than men despite the fact that, statistically, they’ll need more.
A new study from Vanguard has looked at the data and concluded that the culprit for those low balances is women’s pay, not their savings habits or participation rates.
According to the study, women are 14 percent more likely than men to participate in their employer’s retirement plan, and once they’re enrolled save at higher rates than men at all income levels.
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