Indiana Fever guard Caitlin Clark/Noah K. Murray/AP, File
Women's basketball has exploded with the spotlight shining brightly on WNBA-newcomers like Caitlin Clark and Angel Reese. However, despite their immense talent and growing popularity of the women's basketball league, the glaring disparity in earnings between male and female athletes persists – leading to a huge gap in retirement savings.
Together with some of the most influential professional women's athletes across the sports world, financial services firm TIAA shed light on the fact that women have, on average, 30% less income in retirement than men. Women also generally live longer than men; and while a recent TIAA Institute study found that women typically have a better grasp of longevity literacy, they may not make the connection to how this impacts the need for more money in retirement.
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