Younger women have greater pension wealth than their male counterparts, according to an ONS report, even though the level and growth of their median annual earnings were generally found to be lower.
The Office for National Statistics (ONS) analysis took into account people aged from 16 to 29, whether they had a degree or no qualifications, and analysed their annual earnings. Women had lower levels and growth of median annual earnings compared with men, but separate figures showed women of that age group had a higher average pension wealth than men. Quilter head of retirement policy Jon Greer said: "Are women better savers than men? It is a hard question to answer definitively but the figures are pointing that it may in fact be true as 16 to 29 year-old-women are still earning les...
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