Women's Savings Far Lags Men's. How Smart Investing Can Help Close That Gap.
Women tend to live longer and make less than men. That's an issue through their working lives as they save for goals like a house and financing an education, and then it gets even more troublesome for many as they age into their retirement years.
According to the U.S. Department of Labor, women working year-round are paid only 83.7% of what men are paid, and the disparity is even larger for Black and Hispanic women. It also exists at every education level.
Further, the U.S. Census Bureau says that 50% of all women ages 50 to 66 have no personal retirement savings, and only 22% have $100,000 or more put away. For men in that age bracket, it's 47% with no savings at all and 30% with more than $100,000.
Source Fool.com
