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Even with decades of progress toward workplace equality, one financial divide remains a prevalent issue to this day: the gender retirement gap. It’s a quiet crisis that has developed over several years, but now is the time for employers to address this issue head-on.
It’s no secret that women earn less than men in the workforce, but what people forget to recognize is this pay disparity compounds over time, leading to retirement inequities. Consider this staggering statistic from a recent Newsweek poll: on average, men have nearly double the savings of their female counterparts.
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