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News > Over 50s inequality

 

Over 50s inequality

Posted on August 6th 2012 - 12:29

 

Real inequality among over 50s revealed


The average 50-year-old man earns nearly 60% more than the average 50-year-old woman, with an £11,000 earnings gender gap hitting women's retirement saving, research conducted for MetLife shows.

Its unique study of the finances of 50-year-olds shows their average salary is £24,500, but that men earn an average of £30,000 compared to just £19,000 for women. Just 44% of women aged 50 work full-time compared with 71% of men, the research shows.

 

MetLife is highlighting the financial pressures faced by the Uncertain Generation - those born between 1961 and 1981 - which it calls U-Gen and has launched an online calculator at http://www.financialfitnessatfifty.co.uk which helps individuals understand when they can afford to retire and how they compare against other 50-year-olds.

 

Click here to read more. 

 

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