Women Saving for Retirement
A recent report from Congresswoman Carolyn Maloney detailed the troubles faced by women in the Social Security system and retirement. The report found that on average women earn $10,800 less than men each year while working, totaling as much as $500,000 over the entirety of a career. In retirement this translates to less savings and less benefits; women’s income in retirement is 44% lower on average compared to men. For more information on this subject visit this article by Dee Lee with CBS.
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