Plan Sponsor, May 7, 2009
Women remain at a higher risk for retirement insecurity as compared to men, according to a new research brief issued today by the National Institute on Retirement Security (NIRS). Specifically, the research finds that that a woman with a salary of $50,000 must save $1,000 more per year than her male counterpart to achieve equitable retirement income because of her longer life expectancy. Yet according to a 2007 study, full-time female workers made just 76.2% of their male counterparts’ wages – meaning less money for savings, NIRS said in a press release.
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