Research has shown that women receive less in Social Security benefits, accumulate 32% less in retirement savings, and have a longer average lifespan than men. Therefore, it is little surprise that women are 80% more likely than men to be impoverished after they reach the age of 65 — and COVID-19 has only made things worse.
This Barron’s article details how the pandemic has increased the retirement gender gap and explains how women can minimize the damage to their long-term retirement strategy.
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