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 …