Family Law Prof Blog

Editor: Margaret Ryznar
Indiana University
Robert H. McKinney School of Law

Monday, December 23, 2019

Gender Gap in Retirement

From Forbes:

Stop me if you’ve heard this one before: the earnings gap between men and women affects not merely their living standards in the short-term, but also their well-being in retirement.

There’s nothing surprising here.

But the whole discussion is very narrowly focused on income. There’s an elephant in the room: marriage.

Let’s start with the data; to take a few sample age brackets,

    • Women ages 20 - 24 earn 89% of their male counterparts,
    • Women ages 35 - 44 earn 79% of their male counterparts, and
    • Women ages 55 - 64 earn 75% of their male counterparts.

Add on to this difference, the greater degree to which women work part-time or leave the labor force entirely for caregiving, their greater likelihood to choose to retire early (in part to match an older spouse’s retirement age), and their greater longevity, and lower earnings in retirement are no surprise.

Read more here.

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