The monetary gap that isn’t just about pay
Seemingly never-ending research studies show that women are consistently saving less than men, whether it’s building a rainy-day fund, investing our spare cash, or making sure we have enough to retire on.
Darren Laverty, partner at the employee benefits specialist Secondsight says “There are factors that can add to the difficulty of saving, such as a higher proportion of women working part time, or that women also tend to shoulder the burden of family care, whether that be for children or elders – creating breaks in employment.”
Financial wellness programmes can help employees to plan and are becoming more commonplace in the workplace, and good financial education programmes will benefit your workforce.
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