Women more likely to be trapped in poverty in later life

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Women more likely to be trapped in poverty in later life

Women have "less financial resilience to bounce back from financial shocks and are more likely to be trapped in poverty in later life", according to an interim report from Insuring Women's Futures (IWF.)

The average woman is outperforming the average man in education and now earns as much as men in her twenties. However a significant pay gap opens from her early 30s and by her 50s, she typically earns 16% less than a man of the same age and is more likely to be in insecure employment. Sian Fisher, CEO of the CII and Chair of the IWF committee, said: "Women today are left disproportionately exposed to risks that society is not overtly recognising. This is at the same time as historic support systems...

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