CNBC’s coverage on the financial vulnerability of women in retirement shows that women have 44% less saved by the time they retire compared to men. Stacy Francis underscores the impact of the gender wage gap and the “motherhood penalty,” leading to significant wealth discrepancies over time.

“Women not only start with less money, but they also live longer, facing higher costs in retirement,” Francis points out, emphasizing the stark reality of financial planning for women. With a considerable income loss over a career due to wage gaps, women face a daunting task in securing a comfortable retirement.

Despite these challenges, experts like Catherine Collinson and Kelly O’Donnell stress the importance of financial self-assessment, taking advantage of new saving opportunities, and resetting long-term strategies to bridge the retirement savings gap. With proper planning and leveraging available resources, women can take significant steps toward achieving financial security in their retirement years.