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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.
00:20 How salary impacts lifetime earnings
00:36 Savings examples over a career
00:52 The role of investing in building wealth
01:10 Potential growth with diversified portfolios
01:28 Comparing salary increases and investment returns
01:45 How investing can improve outcomes
02:00 Summary and key points
#Investing #RetirementPlanning #WealthBuilding #FinancialPlanning #LongTermGrowth #MoneyManagement