The Price of Motherhood

Time off from work affects retirement savings

The role of motherhood, which is so vitally important to the fabric of our society, is the reason many women find themselves more financially vulnerable in their later years.

Mothers tend to stop working in order to raise their children and even if it is just for a short period of time, it has an enormous impact on their retirement savings. Even when a mother returns to the workplace, she may choose a less demanding position in order to have a balance between family and work, further reducing her ability to provide for her retirement. Let’s look at the numbers…