Gender Savings Gap

Fawcett have recently reported on the gender savings gap – the inequality in the value of the savings of men and women, women’s savings being worth 33% less – being even greater than the pay gap (17%). Stats suggest that although men and women are as likely to save, women who do save have less money to put aside for savings – due to pay gap – and more financial commitments – caring, putting more spare income into the family rather than towards personal consumption. They also suggest that women are more likely to rely on male partners for saving for the future.

Another factor that leaves women economically and socially vulnerable – esp mothers and divorced women, the report claims. PDF downloadable from here, as well as summaryof key findings.