Saving for retirement isn’t easy in ordinary circumstances. But with wage growth near non-existent and underemployment ridiculously high it becomes challenging for most and even harder for most women. According to a recent study, only 62 percent of women said they were saving for retirement, just 15 percent said they were saving enough and 22 percent […] READ MORE
A Strong Sense of Saving Women have become a stronger force than ever in the fight for equal pay in the workplace. With high hopes that one day men and women will be paid equally, women seem to be winning in one area already – saving. A Vanguard study of participants in the […] READ MORE
Everyone faces similar challenges in planning for their long-term financial goals, such as a successful retirement. But women seem to have a few unique obstacles to overcome. Fortunately, through a well conceived financial plan and implementing a solid strategy, women can alleviate those obstacles: Longer life expectancies – Women on average live seven years longer […] READ MORE
Women now comprise nearly half of the U.S. workforce, and they now earn a higher percentage of the bachelor’s and master’s degrees compared to men. So how come women’s average retirement plan balances are just 60 percent of men’s average balances? No, it’s not because there was just a great shoe sale! CONTRIBUTING FACTORS Several […] READ MORE
This year marks the 50th anniversary of President John F. Kennedy’s signing of the Equal Pay Act of 1963. This landmark piece of legislation was one of the very first to address gender-based pay disparities. Yet even then noted,”Much remains to be done to achieve full equality of economic opportunity…” On the fiftieth anniversary, I […] READ MORE