The Barometer, which looks to gauge the retirement readiness of different groups in Canadian society, found that women enter retirement with lower retirement savings than men. They also must work longer to achieve retirement readiness.
Women have a lower annual income and lower quality of life at retirement. |
Women must work at least two extra years to be retirement ready. |
Career interruptions
Pay inequity
COVID-related impacts
Women have a greater affinity for diversified solutions. |
1 Based on a Mercer analysis of 600,000 plan participant accounts in a leading group benefits provider, over a five-year period. This does not contain investment advice relating to an individual’s particular circumstances. No investment decision should be made without first obtaining appropriate professional advice and considering individual circumstances. © 2021 Mercer (Canada) Limited. All rights reserved.