The challenges facing women are far from complete. It is hard to balance the pay scale when we don’t have control. It is hard to balance the pay scale when women are different than men. Maternity leave is a major contributor to the pay gap. Mothers definitely are paid less than male and non-parent female counterparts. And neither you nor I can fix that problem in whole.
But there is an issue women do have control over. Sunday The Motley Fool had an article by Maurie Backman on the gap in male and female retirement savings. The difference is incredible, or “astounding”, using Backman’s word for the gap. While the same issues are in play — maternity leave, medical issues and family time — there is at least some control women can take to close this gap.
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