Women are losing out on pensions
Aside from earning less money than men, there’s a pension gender gap, too. A study has revealed that one in 3 women haven’t put any money into a pension, and the ones that have are putting aside £1000 a year less than men.
Career breaks and going part-time after having children are often to blame for this shortfall, giving women no real option to save for a pension. Also, generations of women have never been offered a pension by their employers. The women who do pay into a personal pension scheme are putting aside an average of £182 a month, compared to a £260 contribution from men.
Pensions adviser Malcolm McLean, from Barnett Waddingham said: ‘The situation where women are in some way treated almost as second-class citizens belongs in the past and certainly should not exist in the 21st century. Greater equality in pension provision is an important part of the change that we need to achieve as soon as possible.’
So basically, women are being punished for their gender and ability to have children with poverty in old age. And we'll all have to work until we're 70. GREAT! Anyone want to swap their knob for a pair of ovaries (used)?