Gender gap in retirement shortfall grows to 95%

From the 2015 Gender Gap in Financial Wellness report: “While both the median man and woman face a significant shortfall, the median woman has a lower lifetime income, has saved less, and yet faces higher overall retirement and healthcare costs due to a longer life expectancy.

“While the gender gap in financial wellness is still quite wide, we see encouraging signs that the gap is narrowing. Corporate employers are uniquely suited to address this gap, as data shows that working women are more likely than men to take advantage of financial education and coaching provided by their employers.”

Read the full report.

How does the UK rank in the EU’s gender equality index?

The Gender Equality Index is an annual report produced by the European Institute for Gender Equality (EIGE). For the first time, data from three different years is available, allowing for a review of progress. The results show that there has been visible, albeit marginal, improvements in gender equality in the EU between 2005 and 2012. Isn’t that the same, uninteresting story for advancements in gender equality everywhere? Zzzzz…

The Index measures gender equality in six key areas, plus two satellite domains. The six main areas of analysis are Work; Money; Knowledge; Time; Power; and Health. The two satellite areas are Violence and Intersecting Inequalities.

Check out the country profiles.

Professional women make 198% more than unskilled women; for men, this gap is just 45%

This astounding fact came from Sonia Sodha’s Guardian article examining the other half of the representation debate for women. While the numbers of women CEOs are slowly creeping upwards, the flipside is the over-representation of women in unskilled or low-skilled, low paid jobs.

“Improving the quality of jobs in low-income, insecure sectors such as care could vastly improve the lives of women working in them. There is no doubt it would take real political will: it would involve more training and better pay and the government, by far the biggest customer of care services, would therefore need to be prepared to pay more for them.

“But this currently feels low down on the list of political priorities.”

Wouldn’t it be wonderful if a progressive politician decided to work on and for the policies needed to change the issues “low down on the list of political priorities?”

At present we know only that the imagination, like certain wild animals, will not breed in captivity. George Orwell