Are Women Twice as Likely to Be Poor?

Although people don’t talk about gender discrimination as much as they used to, it’s still happening. For every dollar that an average man earns, a woman only earns 78 cents. In the long run, most women don’t have the same type of savings to live on in comparison to the opposite sex. In fact, females are nearly two times as likely to retire into poverty. This issue is raising a lot of heads in the US, and it has everyone talking about it.

The Employee Benefit Research Institute’s report last December discovered that the average amount in a man’s 401(k) savings account is about $18,000. The United States Government Accountability Office shows that the average for women is 59% less. Women who work in the public sector tend to have slightly better numbers. In the several states that offer several defined benefits pension plan, ladies receive an average of…

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