How Women Can Boost Their Retirement Savings
It is no secret that saving for retirement is important, yet many women face challenges in building their retirement portfolios. Women save less than men, and they have fewer working years. These are factors that have made planning and saving for retirement a serious challenge for a lot of women.
Why Do Women Have Less Retirement Savings Than Men?
Different financial needs coupled with other family responsibilities make it difficult for women to save adequately for retirement. Often, Saving for retirement is not a top priority for some women who must pay off debt and cater to their daily living costs. For many, thinking about day-to-day, immediate financial needs comes first rather than long-term goals.
