Women lag behind men in retirement savings

According to Bank of America’s 2019 Workplace Benefits Report, men have a median retirement savings balance of $100,000, whereas women have a median balance of just $30,000. Because women tend to earn less than men, there are only saving a fraction of what men are for retirement. Women have their share of obstacles to overcome on the road to building solid retirement savings, but it’s imperative that they take steps to catch up to their male counterparts or they will risk struggling financially down the line. The attached article explains why and how women can boost their retirement savings, read article here…


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