As International Women’s Day approaches (March 8), it’s the perfect time to reflect on the progress women have achieved in the financial realm over the past century. Despite this, the path to retirement is not without its unique challenges for women, and it’s important to recognize the financial hurdles that they continue to face.
In this episode, we’ll share some eye-opening statistics and actionable advice to empower women in their financial journey. From the persistent gender pay gap to the impact of caregiving responsibilities and higher debt burdens, this is why retirement planning is different for women.
Here’s some of what we discuss in this episode:
- Even though they make up almost half of the workforce, women receive lower compensation than men across almost every occupation.
- Women are more likely to face career interruptions.
- Longer life expectancy and divorce can create additional challenges for women when they’re suddenly on their own.
- Only 53% of women feel confident enough to retire.
If you are interested in any of the topics we discussed, please reach out and we would be happy to help you navigate your financial situation.