The article is talking about how women pensions’ are at its highest level that they have been compared to men. The article states that women over the age of 51 at 56% are saving enough money while those younger than this age are not saving enough. Also, the article states that men save more than $700 a year, this has to do with the amount of money men are being paid: they are being paid a lot more than women and that is affecting how much money they put into their savings and what they spend their money on. Women are saving more now than in the last year. Many factors that affect women’s saving are that they may face challenges with unemployment and child care cost. These examples may affect their ability to save as much as they would like to but cannot. The fact that women are saving and still does not have a lot in their pensions.
The issue of pension savings for women is a social problem because a lot of the time women are not given the same income as their male counterparts who do the same exact job as they do. With the income women receive they may sometimes have more factors to think about and more people to care for than a male and thus limits their savings potential. To change this situation, women need to be given the same opportunities as men and that include being paid the same amount. If women are paid the same amount, then maybe everyone could be on an equal playing field and there would be no room for different amounts placed in the pensions by the two genders. Companies should offer other benefits to their employees that will impact their future and thus support them in the long run. Also, if those men who do not have a family to support were to help support those women or family members that need it; they will see what a lot of people go through who have to support people besides themselves.
http://www.guardian.co.uk/money/2011/nov/01/women-pension-saving-seven-year-high
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