The Motherhood Penalty in Pensions: A Systemic Flaw Exposed The UK's Pensions Commission has sounded the alarm on a pressing issue that affects us all: the stark disparity in retirement savings between men and women.
Women approaching retirement have, on average, half the private pension savings of men. This is not just a matter of fairness; it's also a fiscal imperative.
Data from the Institute for Fiscal Studies supports the commission's findings. Before having children, women contribute around £30 per week to their pensions, a figure that remains static six years later.