Article preview: Women face a unique set of challenges when it comes to their retirement planning. Due to living longer (on average) than men, women need to save more to last throughout later life. Women typically earn less than men during their working lives, with part-time roles more prevalent. Career breaks for parental and caring responsibilities also take their toll on the amount that can be saved. Despite this combination of retirement planning challenges, it appears that women are better prepared for the future than ever before. A new study by insurer Scottish Widows has found that 57% of women are now saving enough for their retirement. It’s the highest proportion of women found to be saving enough in the 15 years the study has been running.
Women are making progress with retirement savings
This 556-word blog post considers the progress made by women when it comes to saving for retirement, despite the challenges they face. Written on 13th November 2019.
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