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Why many women arrive at retirement financially worse off than men

Women arrive at retirement 18% financially worse off than men, on average, they also tend to live longer. Research commissioned by CFFC states that there are more than twice as many women as men living in poverty post age 65 - 14% females compared to 6.6% men. This is a long-run legacy of two features - the interruption to earning from having children, and the gender pay gap. In some Scandinavian countries, both parents take time off for the birth of a child (not necessarily at the same time) and men are more likely to become an at-home carer if that is the option parents go for. Hopefully, other changes can be made - although a gender pay gap persists, it is narrower in New Zealand than many countries. Click here to read more. 


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