Women face financial challenges in retirement due to lower incomes and longer lifespans. Only 50% of women have personal retirement savings. To address this, women should increase their income by negotiating higher salaries, leveraging pay transparency laws, and seeking opportunities for advancement. They should also reduce expenses by conducting personal spending audits and cutting non-essential items. Utilizing workplace benefits, such as 401(k) matches, and establishing individual retirement accounts are essential for long-term financial security.
