How Women Can Prepare for a Better Retirement

International Women's Day: There's still a gender gap when it comes to saving for retirement. Morningstar's Christine Benz offers four ideas to help prepare

Christine Benz 9 March, 2020 | 12:54PM

Retired couple

When it comes to being prepared for retirement, women are in worse financial shape than men on nearly every important metric.

New figures from the Office for National Statistics show that while women are catching up, there is still a gender gap when it comes to pension savings, particularly in the private sector. Indeed, new research by Columbia Threadneedle found just 29% of working women hold investments, 13% of homemakers and 10% of unemployed women. Just one in 20 women regularly uses a financial adviser, compared with almost one in 10 men. 

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About Author

Christine Benz

Christine Benz  is director of personal finance at Morningstar and author of 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances.

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