Females earn less, but save and invest more… most of the time

By Brian Stoffel | Motley Fool | March 2, 2015

Women are being helped to earn more. That widens the gender savings gap. -Male Matters

Source: Huffington Post

Source: Huffington Post

By the end of 2014, the median female worker was earning $37,596, while her male counterpart was pulling in $45,500. But there’s a crazy irony here as well: Most working women have more in savings than men.

That’s because women participate in workplace savings programs at higher rates than men and save more of their salaries than men. For instance, 79% of women earning between $50,000 and $75,000 per year participate in such programs — versus 60% for men — and sock away an average of 7.2% of their salary — versus 6.7% for men. The same general pattern holds true across all income levels, according to Vanguard.

In fact, for all income levels except those over $100,000 per year, the median female has more saved than the median male. That’s an impressive feat to say the least.

Related: “Salary Secrecy — Discrimination Against Women?

Advertisements

About Male Matters USA

See About the Author
This entry was posted in Uncategorized and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s