Women in the old age trap: How financial provision protects against the risk of poverty!

Women in the old age trap: How financial provision protects against the risk of poverty!

In 2024, women will earn on average 16% less than men, which is known as the gender pay gap. This gap has decreased by two percentage points compared to the previous year, but it remains a central problem in society. For identical jobs, women earn around 6% less than their male colleagues. While men receive an average retirement pension of 25,000 euros per year, the amount for women is only 15,000 euros. This shows a growing age pension gap between the sexes, which is due to lower incomes for women and their associated low entitlements to statutory pensions and company pension schemes, such as tagesschau.de reported.

Another worrying detail is that less than a quarter of company pension plans are for women, which increases their financial risk in old age. Leaving a relationship can also pose an increasing risk of poverty for women. Many married women are under the mistaken assumption that they are entitled to lifelong post-marital support in the event of a separation, which is often not the case in reality. Experts recommend that women should regulate their finances in partnerships and make private provisions early on.

Strategies for closing the pension gap

With regard to pension gaps, it is important to carefully examine individual claims from statutory and company pension schemes. Women are advised to close these claims and pension gaps through private provision. However, many women have difficulty investing in the stock market. It's crucial to determine a personal risk profile and invest in low-cost index funds (ETFs). Surveys show that women often achieve better results than men when investing dvag.de determines.