On average, women around the world are expected to reach retirement with just 74% of the wealth accumulated by men, according to a study by WTW, the insurance and consulting firm also known as Willis Towers Watson.
The study, which included results from 39 countries, found that women in senior expert and leadership roles were found to have 62% of the accumulated wealth that their male counterparts enjoyed at retirement. For midlevel professional and technical roles, the gap was still substantial at 69%, but it narrowed considerably to 89% for frontline operational roles, WTW said in a release.
Globally, the U.S.’ gender wealth gap was just above the global average at 75%, while Canada performed slightly better at 78%. Nigeria has the highest gender wealth gap in the study at 60%, closely followed by Argentina at 61% and Mexico and Turkey, each at 63%.
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Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
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