In an aging Canada, women need to save more than men, even if they make less

Posted by Avanti Women Oct 17, 2017
Canadians aged 65 and older outnumber children under 14 for the first time in census history, Statistics Canada recently revealed. And the majority of seniors are women.

Among those aged 85 to 99, there were just 54 men for every 100 women in 2016, data shows. Those numbers have big implications for how women should handle their personal finances, Global News reports.

Despite the gender wage gap that puts women at a disadvantage, women should be saving more than men and taking more investment risks. Find out why.


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