In a Forbes column, NIRS Executive Director Dan Doonan says there is one thing we all can do on Mother’s Day – commit to finding solutions that deliver better retirement security for women.
Many Americans are struggling to save for retirement, but women face even higher hurdles. The causes include the gender pay gap, longer life spans, and greater caregiving responsibilities.
The economic outlook for women has worsened due to the COVID-19 pandemic. More than 2.3 million women have left the workforce since February 2020, with female workforce participation dropping to 57%, the lowest level since 1988. Over time, this likely will translate to a worsening of women’s retirement wealth gap.
Read the full column here.
In a Forbes column, NIRS Executive Director Dan Doonan writes that as America ages and income inequality deepens, concerns about retirement security are mounting. Some voices, however, indicate that retirement concerns are exaggerated, relying on data indicating that older Baby Boomers have largely fared well in retirement. But new research published in The Journal of Retirement […]
Contrary to popular belief that Millennials and Generation Z employees are constantly switching jobs, new research from the National Institute on Retirement Security finds that younger workers today show job retention patterns that closely mirror previous generations at the same stage of their careers.