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"Millennial women could be missing out on nearly half a million pounds by retirement age due to investing fears, according to new research. Data from digital investing platform Moneybox suggests women aged 30 to 45 across Britain have an average of 49,608 saved towards retirement, compared with men in the same age range having an average of 85,529 saved. However, by the time they reach retirement age, this gap could increase to a massive 463,644."
The Independent sends reporters on the ground to cover topics including reproductive rights, climate change, and Big Tech and produces investigative work and documentaries. The outlet seeks donations to fund reporting and keeps content free without paywalls, relying on supporters to finance journalism. Research from Moneybox finds women aged 30 to 45 in Britain hold about £49,608 on average toward retirement compared with £85,529 for men in the same age group. Forecasts show the gap could widen to approximately £463,644 by retirement, and Gen Z women face similarly large projected shortfalls. Low confidence about investing is identified as a key barrier limiting women's financial engagement.
Read at www.independent.co.uk
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