Asked by Karen Najera on Jul 03, 2024

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Why do women have lower incomes than men during the retirement years?

Lower Incomes

A reference to individuals or households that earn below the median income level of a specific geographic location or society.

Retirement Years

The period in an individual's life after they have ceased working, typically marked by a transition from full-time employment to leisure and personal pursuits.

  • Explore the roles of gender in the processes of aging, matrimonial life, and employment situations for older individuals.
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DJ
Deonna Johnson6 days ago
Final Answer :
Some reasons are as follows: Women tend to earned less,even in comparable jobs.They spent less time in the labor force or never enter because of child-rearing responsibilities.They didn't contribute at a high enough level to take advantage of the company match,which is typically 50 cents for every dollar up to 6 percent.They invested more conservatively and started saving later.They didn't make enough investments because 90 percent were unsure about how to manage their finances.They withdrew funds before retirement.They cashed out retirement savings rather than rolling them into other investments when changing jobs On average,women are likely to live from 6 to 14 years longer than men.As a result,they are more likely than men to run out of financial resources in late life