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Three Smart Tips For Overcoming The Gender Pay Gap In Retirement
That’s the amount a woman loses over a 40-year period in her income due to the gender pay gap, according to the National Women’s Law Center (NWLC), a nonprofit legal and advocacy group. Or, as Reuter’s columnist wrote, “the typical woman needs to work 11 years longer than a man to achieve accumulated income parity.” Combine that with a woman’s longer average lifespan, among other unique factors (like leaving the workforce), and this gender pay gap can have a huge impact on retirement.
