If you’re a woman, hear this roar: you’ll likely need more money in your retirement than your husband, brother, or male friends. ⠀
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That’s because American women today are expected to live five years longer than men. But that doesn’t paint the whole picture. Due to pregnancy and caregiving responsibilities, working women are out of the workforce for almost 15% of their working years, compared to less than two percent for working men. So, to accumulate enough money to retire, women need to save more money than men. ⠀
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To get a jump-start, start saving right now and chipping away at your debt. And, here’s another pro tip for women: build an emergency fund as soon as possible and sock as much money away as you can into your retirement fund. By investing and saving up for your future self as soon as possible, you’ll build greater wealth over time.⠀
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Get more
#MoneyTips on the Chime blog at
chimebank.com/blog⠀
#InternationalWomensDay #SmartWomen #SmartMoney #SaveSmarter