Women and Gen X Face Retirement Savings Crisis

Women face significant challenges in saving for retirement due to lower earnings, longer lifespans, and caregiving responsibilities. Reports show that women have significantly less retirement savings compared to men and are more likely to experience financial insecurity in retirement. Experts suggest strategies such as saving aggressively when young, investing in annuities, paying off mortgages before retirement, planning to work longer, and delaying Social Security benefits to improve financial stability in retirement.