Women's retirement prospects are negatively impacted.

Women face a retirement crisis due to unpaid eldercare and childcare duties, leading to career breaks, part-time work, or leaving the workforce. This care crunch impacts women's financial security and retirement prospects, according to Wells Fargo's report. Women often bear the brunt of childcare, even for female breadwinners, and the same patterns repeat in eldercare responsibilities.

March 16, 2024
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