"Despite advances in education and career opportunities, only 16% of women feel very confident in their retirement prospects, highlighting an ongoing risk gap compared to men."
"Catherine Collinson noted that women's lifetime earnings and retirement savings are hindered by longstanding challenges such as the pay gap and caregiving responsibilities."
"The predominant concern among women nearing retirement is that they will outlive their savings, emphasizing the urgency for enhanced financial planning and security strategies."
"With nearly 40% having served as caregivers and over 80% adjusting work commitments, the impact of caregiving on women's financial priorities is profound and concerning."
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