Women face severe headwinds when planning for retirement. They often earn less money (approximately 80 cents for every dollar that men make) and have shorter working careers due to raising children and/or caring for aging parents. Less money earned translates into less money saved and lower Social Security benefits. On top of that, women also tend to live longer than men. Combined, these factors put women at greater risk to outlive their retirement savings.
The guys at HowMuch.net just built this incredible visual based on data recently released from on the Bureau of Economic Analysis. It shows where economic activity currently happens – and where it doesn’t – across the United States.
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