Type of Content: News
Resource Title: Will the Pandemic Worsen the Retirement Gap for Women?
Publication Title: Retirement Revised
Publish Date: November 19, 2020
Women face tougher odds than men achieving a secure retirement – they have lower lifetime earnings throughout their lifetimes and caregiving responsibilities cause them to spend more years out of the job market or to work in part-time positions that don’t come with retirement benefits.
Now, the pandemic could worsen the retirement gender gap. As the chart above from the Schwartz Center for Economic Policy Analysis shows, older workers are experiencing a historically-high rate of joblessness compared with their older counterparts. And The New York Times reports this week that all female workers have absorbed “a rare and ruinous one-two-three punch”
Resource URL: https://bit.ly/2UHDcrF