In the News

Title

Wage Gap Intensifies Retirement Shortfall for Women, Highlights Need to Focus on a Solid Financial Plan

Authors

WorldNow

Document Type

Article

Publication Date

11-4-2015

Abstract

The latest data from the Bureau of Labor Statistics shows that women earn about 78 cents to a man’s dollar – and this persistent wage gap isn’t the only threat facing female workers today.

Women, on average, will also spend less time in the workforce, earning less over their lifetime and saving less in retirement accounts and Social Security contributions.