No matter how many times you read about the numerous financial challenges women face, such as longer life expectancy, more costly health insurance, and taking time off work to care for family, nothing drives the point home like putting it into black-and-white dollar terms.
Add up all the costs associated with each and you come up with a shocking number: $849,000. Let's take a look at these costs in more detail.
Distinctive challenges, deplorable costs
- Life expectancy: $200,000.
- Time off work: $80,000.
- Higher insurance costs: $44,000.
- Lower pay: $400,000.
- Pricier long-term care coverage: $125,000.
- An added hardship of female finances
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