Economics, Business, Money, Finance : Gender financial gap is worsening amid savings imbalance

Gender financial gap is worsening amid savings imbalance

The roaring stock market is minting a new crop of 401(k) millionaires, but only half of the population isn’t feeling the gains.

The average woman’s retirement savings dropped from 70 cents for every $1 saved by men to 68 cents in the past year, according to a recent analysis done by LT Trust.

The analysis, which was based on the 401(k)s of 59,000 American workers across all 50 states, found that 78% of men increased their retirement portfolio of stocks while 51% of women did the same. This imbalance, along with the gender pay gap, has far-reaching implications for long-term retirement security.

“The pandemic is exacerbating the already poor condition of women’s future financial security,” said Stacy Miller, a Tampa-based certified financial planner. “It has profoundly affected [jobs in] sectors more commonly filled by women such as hospitality, travel, and education.”

Re: Gender financial gap is worsening amid savings imbalance

Are women unable to use the stock market?

Re: Gender financial gap is worsening amid savings imbalance

Apparently not.



😺 Schrodinger's Cat walks into a bar, and doesn't. 🤨 Let's go, Brandon! 🤨 Try that in a small town.

Re: Gender financial gap is worsening amid savings imbalance

Are women unable to use the stock market?

Don't ever pitch the bitch. Wise advise to every broker…




Bing.. Wobbledy wobble, wo-wo-wobble, wobbin'
https://vocaroo.com/1hz4nrSop8zd

Re: Gender financial gap is worsening amid savings imbalance



😺 Schrodinger's Cat walks into a bar, and doesn't. 🤨 Let's go, Brandon! 🤨 Try that in a small town.

Re: Gender financial gap is worsening amid savings imbalance

More proof that females are the weaker sex.

Or they're dumber.

Or they're dumber.



😺 Schrodinger's Cat walks into a bar, and doesn't. 🤨 Let's go, Brandon! 🤨 Try that in a small town.

Or they're dumber.

Lol

Or they're dumber.



😺 Schrodinger's Cat walks into a bar, and doesn't. 🤨 Let's go, Brandon! 🤨 Try that in a small town.

Show a credible source….

Show a credible source, or it ain't true!



😺 Schrodinger's Cat walks into a bar, and doesn't. 🤨 Let's go, Brandon! 🤨 Try that in a small town.
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