Retirement

Women on the Rise

Daunting Realities Although history has seen some significant progress for women over the last century, there’s still a long way to go toward financial equality. Women make 80.5 cents for every dollar their male counterparts make in a similar job. (1) The average Social Security retired worker benefit for women is $14,928 per year, compared with $18,780 for men. (2) 46% of married women in their 50s in two-income households are at risk of being unable to maintain their standard of living in retirement. 32% of married women in their 50s in one-income households are at risk of being unable to maintain their standard of living in retirement. 39% of single women in their 50s are at risk of being unable to maintain their standard of living in retirement. (3)

Enormous Potential The truth is, women wield a huge amount of influence over the economy, and their impact is only likely to grow. Women control 51% of all personal wealth in the United States today. (4) Over the next 40 years, women stand to inherit $28.7 trillion in intergenerational wealth. (5) On average, women save 9% of their salary. That’s almost a full percent higher than men. (6)

Increasing Impact The numbers don’t lie: more women are successfully founding and leading businesses than ever, with impressive results. There are 114% more women entrepreneurs than there were 20 years ago. (7) The number of businesses owned by African-American women has grown by 164% since 2007. (8) Businesses founded by women deliver 2x more revenue per dollar invested. (9)

Support for the Journey While we can’t create economic equality overnight, we can help make sure every woman is fully equipped, supported, and prepared to pursue her own unique goals. Let’s get to work, together. Sources: 1. Columbiathreadneedleus.com, 2019; 2. SSA.gov, 2018; 3. Forbes.com, July 10, 2019; 4. Georgetown University, 2018; 5. Visualcapitalist.com, March 4, 2019; 6. Visualcapitalist.com, March 4, 2019; 7. Fundera.com, 2019; 8. Forbes.com, January 28, 2019; 9. Forbes.com, January 28, 2019;

Share |

Related Content

Retiring in a Post-Pandemic World

Imagine your ideal post-pandemic retirement with this hopeful, animated video.

The Pre-Retirement Checklist

This checklist can give you a quick snapshot of how prepared you are.

An Inside Look at Retirement Living

A number of questions and concerns need to be addressed to help you better prepare for retirement living.

Latest Blog Post

As 2020 mercifully ended, Covid-19 was inflicting a new deadly surge worldwide, economies were suffering the effects of new imposed lockdowns and American political theatrics was in full bloom. Despite all of this and more, the US...

2021 Optimism – A Glass Half Full

October 30, 2020

One of the key driving factors for the improving economy and better asset prices is the tremendously accommodative monetary policy and to a certain extent fiscal policy. Major central banks have expanded their balance sheets and...

A Market Looking Ahead with Optimism

July 28, 2020

No one knows with any real certainty how much, or for how long, the Coronavirus will impact our lives and the world economy. With such uncertainty, many have expressed surprise that the equity markets have shown such resilient strength...

Office:	(714) 998-2290
Fax:	(707) 412-7060