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Alexis Leondis

Wall Street Is Failing Women in Retirement

Efforts to address gender inequities in investing are falling short, largely because financial institutions still can’t shake old stereotypes.

A small step in the right direction.

A small step in the right direction.

Photographer: Jeenah Moon/Bloomberg

When it comes to a comfortable retirement, women in the US have the cards stacked against them. New efforts to start changing this are laudable, and yet they’re still missing the mark because they’re being shaped by decades of misperceptions.

The inequities a woman faces throughout her working life — from earning less to shouldering the lion’s share of childcare responsibilities — add up over the years and take their toll. More than 80% of women don’t think they'll be able to retire without running out of money compared with 65% of men, according to a recent TIAA  study.