A new issue has emerged in the ongoing debate about gender inequality: the gender pension gap. Women in the UK have significantly smaller average pension pots compared to men, partly due to lower earnings and more women taking career breaks for childcare.
In the growing debate over the gender pay gap , another contentious issue has emerged: the gender pension gap . The gulf is wide: Fidelity International calculates that the average UK pension pot for working men aged 55 and over is £114,000, compared with £66,800 for women in the same cohort.
Even where women are saving, the OECD’s Joining Forces for Gender Equality report highlights gender gaps in asset-backed pension arrangements. On average, women aged 65 and older receive 26 per cent less income from asset-backed pension systems than men. In Japan, the gap is as high as 47 per cent; in Estonia it is 3 per cent.
Gender Pay Gap Pension Gap Retirement Savings UK Economy Female Workforce
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