From CNBC:

Women 55 to 66 lag behind men in retirement savings, with 50% having none. Even for those who save, fewer women have $100,000 or more. Cindy Hounsell warns of bleak financial future for women. The gender wage gap and longer life expectancy add to the struggle.

Reduced savings force women to lower their post-retirement lifestyles. Caregiving and divorce hit women’s finances harder. Ways to address shortfall include boosting income through negotiation and taking advantage of pay transparency laws. Regular spending audits and maximizing workplace benefits are crucial for financial stability.



Read more: Retirement prospects for women can be bleak. How to prepare