It’s not just the wage gap, or low-paying jobs, that keep women from saving enough to retire comfortably. Housework hurts too.
According to a report from the Retirement Equity Lab at The New School, most of older women’s work is unpaid.
While both men and women aged 55–64 spend the same amount of time working each week—47.9 hours a week for men and 48 hours a week for women—including both paid work in the labor market and unpaid household work, the amount of work that men get paid for substantially exceeds the amount of paying work that women do.
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