Women will need to work 19 extra years to retire with same pensions as men, report says
by Vicky Shaw
Feb 07, 2024
3 minutes
Women face needing to work for an extra 19 years to retire with the same pension savings as men typically, according to a report.
Women retire on average with pension savings of £69,000, compared with £205,000 for men, the research by pensions provider NOW: Pensions and the Pensions Policy Institute (PPI) found.
Career gaps, caring responsibilities, childcare costs and lower earnings contribute to women often having less money saved for.
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