Women have been under-investing in their retirement for decades. This is one of the reasons why women today are more likely to be poor in retirement than men, according to a study by the U.S. Department of Labor. The good news is that it’s never too late to start investing and building your nest egg—but it can be tough if you don’t know where to begin. We created this guide because we believe strongly that women should invest early and often so they can build wealth over time and enjoy greater financial security later in life.
Financial security helps in case of divorce
If a woman is financially independent, then she will be able to maintain her standard of living after divorce.
If any of the above scenarios are true for you, it’s important for you to start planning for your financial future. By making smart decisions now, you’ll be able to protect yourself from being left financially dependent on your spouse and have less time to build up a nest egg.
There may be a genetic predisposition for Alzheimer’s and other brain disorders in women
There may be a genetic predisposition for Alzheimer’s and other brain disorders in women. Women are more likely to suffer from Alzheimer’s than men, and they’re also more likely to develop dementia than men. This is due to a genetic predisposition that is exacerbated by factors such as stress and poor diet. Sasan Goodarzi of the University of California Los Angeles Center for Neurobehavioral Health at UCLA said: “This can lead to an earlier onset age and faster rate of progression.” In addition, because women tend to live longer than men, they have a greater chance of developing these conditions as they age.
Women live longer than men
It is a fact that women live longer than men. We all know this, but what we may not know is how much longer women live than men. The average lifespan of a woman in America is 81 years old, whereas it’s only 76 for men. Women also have a higher life expectancy in Europe, Asia and other parts of the world as well. In some countries, like Japan and South Korea (two countries notorious for their low birth rates), this gap grows even larger!
It’s not just about living longer, though—it’s about living better too! Women tend to spend fewer years suffering from chronic diseases such as heart disease or cancer than men do; they also enjoy better mental health throughout their lives. These facts help explain why women are more likely to retire early and live independently without any assistance from family members or government programs.
Investing early gives you a long time to earn returns
As per the experts at Intuit, “Investing early gives you a long time to earn returns.” In essence, the longer time horizon means more time to earn returns. So by investing early and for a longer period of time, you can build wealth over the long term.
In conclusion, women need to be financially independent in order to protect themselves from the risks that come with being a woman. These are just a few reasons why women should be investing in their futures from an earlier age and taking steps toward financial independence.
Paul is an content marketing strategist and serial entrepreneur.