Women retire with 25% less wealth than men globally

Bloomberg – Women of the world will retire With 25% less wealth than men, the gap is larger in highly skilled jobs. The conclusion came from a study by Willis Towers Watson.

At retirement, women own an average of 74% of men’s total assets. For those with higher qualifications, the figure is 62%, while in the first line it is 89%, referring to Willis Towers Watson based on the study covering 39 countries.

The largest gap is found in Nigeria, where women retire at 60% of men’s total assets, and the smallest is in South Korea, at 90%.

Disparity in retirement wealth, globally and in the United States, It follows trends that show a similar pay gap for top executives. Experts say that women tend to fill roles with lower equity compensation and may also not negotiate unpaid compensation, which is often overvalued over time.

In 2020, for example, women in the top leadership ranks of the S&P 500 earned only 75% of what male executives earned, The biggest gap in nine years, with the most profit disparity in stock ownership, according to Morningstar. The differences are wider for women of color.

The retirement wealth gap is an indication of the accumulation of disparities throughout a woman’s career Her understanding is less than the wage gap for female workers, said Manjit Bassi, senior director of global and integrated solutions at WTW and one of the study’s authors.