Women remain at risk of having insufficient retirement income due to additional pressures that they often face compared to men.
A new report from Goldman Sachs Asset Management reveals that women could end up with 24% less in retirement savings than they need, based purely on the cumulative impact of income disparities.
These disparities include decades-long income differences, greater caregiver responsibilities, insufficiency of part-time work, longer life expectancies, and lower benefits from Social Security.Almost three in ten retired women in the survey reported having less than $50,000 in retirement savings, with only 44% reporting more than $200,000. By contrast, 24% of […]
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