Strides have been made to try to close the gender pay gap, but for many, it's not happening nearly fast enough.
The day symbolizes how far into the new year women must work just to earn the same amount as men in the previous year.
If you stretch this data for all women over many years, it can have a huge impact on a woman’s ability to save for retirement. She has worked for three decades in the financial field and says while there has been improvement, not much has changed. "The biggest thing for me is just to save and save like you mean it. If you have a high deductible health insurance plan, maybe you need to look at opening a health savings plan where you can contribute money tax-free,” she said.
“For every year you wait to claim benefits after you reach full retirement age, you will receive an 8% annual increase to your monthly benefit until age 70,” she said.
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