There is a lot of discussion these days around the impact of women getting a raise and the gender pay gap. This is an important discussion and one we should be having, after all, women live longer than men, and women also retire on average with about two thirds the money of men.
This is, in part because women take more career breaks, invest less money on average than men do, and also because women are paid less than men.
In this video, we explore how salary differences can impact lifetime earnings and how consistent investing, even without a raise, may help improve long-term retirement outcomes.
- 00:20How salary impacts lifetime earnings
- 00:36Savings examples over a career
- 00:52The role of investing in building wealth
- 01:10Potential growth with diversified portfolios
- 01:28Comparing salary increases and investment returns
- 01:45How investing can improve outcomes
- 02:00Summary and key points