Pockets Feeling A Little Light Ladies? That’s Because We Can’t Save As Much As The Guys
Most women may think that they’re better at saving money than men. But the infographic below will show you otherwise.
Analysis conducted by SaveUp.com shows that men actually have thousands of dollars more saved, on average, in their 401Ks, IRA accounts, and other savings plans. But it’s not as simple as being more diligent about putting money to the side. The Braintrack.com infographic illustrates some of the reasons why women can’t save more, with things like the gender pay gap and the higher cost of insurance for women playing a role. The result, according to the site, is “The $849,000 Disadvantage For Being Female.”
Some of the suggestions to equalize this savings gap are to negotiate for higher pay and put your money in places where it can gain more return. What are you doing to maximize your savings?