skip to main content
skip to newscasts

Saturday, April 27, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Louisiana teachers' union concerned about educators' future; Supreme Court hears arguments in Trump immunity case; court issues restraining order against fracking waste-storage facility; landmark NE agreement takes a proactive approach to CO2 pipeline risks.

view newscast page
play newscast audioPlay

Speaker Johnson accuses demonstrating students of getting support from Hamas. TikTok says it'll challenge the ban. And the Supreme Court dives into the gray area between abortion and pregnancy healthcare, and into former President Trump's broad immunity claims.

view newscast page
play newscast audioPlay

The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken, and a new federal rule aims to put the "public" back in public lands.

Women's Wage Gap Correlates With Retirement Gender Gap

play audio
Play

Monday, March 22, 2021   

KANSAS CITY, Mo. -- This Wednesday is Women's Equal Pay Day, the average date it would take a woman working full-time to earn what a man did in 2020.

Most women earn less than men throughout their careers, which translates to less financial security in retirement as well.

Median household retirement incomes for women are roughly 80% of what they are for men, according to the National Institute on Retirement Security.

Kara Knott, regional sales director for One America Retirement Services and chair of the Women in Pensions Network Kansas City Chapter, said reasons range from childcare expenses more often falling on women, to women living longer than men.

"Taking that first step in saving money and putting yourself first, I think that's a lot harder for women to do," Knott explained. "So, I think prioritizing yourself and your financial wellness is probably number two to educating yourself."

According to the Institute, women also are more likely than men to work in part-time jobs that don't come with pensions or 401(k) plans. And they are more likely than men to have to leave the workforce for family caregiving.

Daniel Doonan, executive director for the Institute, noted women also tend to experience higher health-care and housing costs in retirement, putting them at risk of outliving their savings.

"Health-care costs continue to grow faster than wages," Doonan pointed out. "If we're living longer, more people are going to need long-term care in retirement, which is very expensive, but it's very uneven."

Two-thirds of older people in a 2020 Survey reported they're more afraid of running out of money in retirement than death.

And with the economic setbacks of the pandemic, Knott observed many folks needed to prematurely start pulling money from their retirement plans.

"It's nice they had that safety net, and the ability to do so," Knott emphasized. "But for the folks that did, the impact of doing that can be very severe to their long term, because it's money that's been invested and earning interest."

She stressed more women now are in charge of their own finances than 20 years ago, but she added there is still work to do to ensure they have an equitable shot at a secure retirement, particularly Black, Brown and Indigenous women, who make even less to the dollar than white women.


get more stories like this via email

more stories
The United Nations experts also expressed concern over a Chemours application to expand PFAS production in North Carolina. (Adobe Stock)

play sound

United Nations experts are raising concerns about chemical giants DuPont and Chemours, saying they've violated human rights in North Carolina…


Social Issues

play sound

The long-delayed Farm Bill could benefit Virginia farmers by renewing funding for climate-smart investments, but it's been held up for months in …

Environment

play sound

Conservation groups say the Hawaiian Islands are on the leading edge of the fight to preserve endangered birds, since climate change and habitat loss …


Jane Kleeb is director and founder of Bold Alliance, an umbrella organization of Bold Nebraska, which was instrumental in stopping the Keystone Pipeline. Kleeb is also one of two 2023 Climate Breakthrough Awardees. (Bold Alliance)

Environment

play sound

CO2 pipelines are on the increase in the United States, and like all pipelines, they come with risks. Preparing for those risks is a major focus of …

Environment

play sound

April has been "Invasive Plant Pest and Disease Awareness Month," but the pests don't know that. The U.S. Department of Agriculture says it's the …

Legislation to curtail the union membership rights of about 50,000 public school educators in Lousiana has the backing of some business and national conservative groups. (wavebreak3/Adobe Stock)

Social Issues

play sound

Leaders of a teachers' union in Louisiana are voicing concerns about a package of bills they say would have the effect of dissolving labor unions in t…

Health and Wellness

play sound

The 2024 Arizona Alzheimer's Consortium Public Conference kicks off Saturday, where industry experts and researchers will share the latest scientific …

Environment

play sound

Environmental groups say more should be done to protect people's health from what they call toxic, radioactive sludge. A court granted a temporary …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021