Gap Archives - DR News - News, Retirement, Finance

Retirement Gap Widens as Women Save Less, Study Finds

New York, NY – A recent study has revealed a significant disparity in retirement savings between men and women in the United States. According to the findings, women are saving much less than men, highlighting a concerning gender gap when it comes to financial preparedness for retirement. The study points out that on average, women have significantly lower retirement savings than men, with many women facing the risk of not being able to sustain their …

Generation X’s Retirement Readiness: The Growing Wealth Gap and its Impact on Retirement Plans

Astoria, Oregon – Many members of Generation X are feeling unprepared for retirement, according to a recent article by Fortune. The oldest Gen Xers, born in 1965, are just a few years away from traditional retirement age, but concerns about financial readiness are growing. The article received hundreds of emails from Gen Xers expressing worry about their retirement preparations. An overwhelming number of non-retired Gen Xers are not confident in their ability to achieve a …

ICHRA: A New Solution for Employer Health Benefits Coverage Gap

Austin, Texas – Business owners are increasingly exploring new options to provide health benefits to employees as the landscape of employer-provided health insurance benefits continues to evolve. According to a recent nationwide survey conducted by Gravie and Wakefield Research, there is a growing interest in the individual coverage healthcare reimbursement arrangement (ICHRA) as a potential solution. The survey revealed that 83% of firms with 10 to 199 employees offer health benefits to some of their …

Wealth Accumulation Solutions for Women Aim to Bridge Pay Gap in Spain and the US

Washington, D.C. – Economists have been analyzing the disparity in lifetime wealth accumulation outcomes for men and women in different countries, shedding light on the impact of caregiving responsibilities and gender pay gaps on retirement savings. According to the U.S. Department of Labor, women who take time off to care for children or loved ones end up with an average lifetime wealth accumulation of $295,000 less than men in similar roles, further widening for women …

Gender Pension Gap: Women Working 19 Years Longer to Recover £136,000 Discrepancy

London, England – A recent study has revealed that women in the United Kingdom are facing an additional 19 years of work to make up for the £136,000 gender pension gap shortfall. This alarming disparity highlights the ongoing issue of gender inequality in retirement savings and financial security for women in the country. The report points out that women, on average, earn less than men throughout their careers, leading to significantly lower pension savings over …

Pension Gap: Older Britons Struggle as Costs Rise

London, England – Many older adults in the UK are finding themselves up to £80 short per week to cover rising costs as state pension payments fail to keep up with the increasing expenses of daily living. This financial strain has sparked debates on the need for adjustments to the pension system to ensure that retirees can maintain a decent standard of living. According to a former economist from the Bank of England, the state …

Pension Gender Gap: Women Retire with 33% of Men’s Savings

LONDON, England – Women in the UK face a significant gender gap when it comes to pension savings, with many being £136,000 worse-off due to the unaffordable childcare system. A study revealed that women need to work an extra 19 years to retire with the same pension pot as men. This significant disparity in retirement savings is a cause for concern and highlights the need for policy changes to address this issue. The gender gap …

Gender Gap: Women Face £136,000 Less in Retirement Savings Than Men, Pension Alert Issued

London, United Kingdom – A recent study has raised concerns about the growing disparity in retirement savings between men and women. The study revealed that women are potentially facing £136,000 less in pension savings compared to men, highlighting a troubling “gender gap” in financial security during retirement. The report, which analyzed the pension savings of individuals, found that women are significantly disadvantaged when it comes to saving for retirement. This disparity is attributed to a …