On average a 25-year-old woman living in a rich country earns 10 percent less than a man of the same age, according to research by Swiss bank UBS. By the time they turn 85, the gender pay gap will result in the woman having 38 percent less wealth the man, the study said. The difference will widen if the woman takes a gap year or decides to work part-time for a period of her life, it added. "As women are expected to live longer, it is harder for them to maintain their lifestyle in retirement, having to stretch their wealth over a longer period," the study said. A 2016 report by the World Economic Forum found women around the world earned just over half as much as their male counterparts despite working more hours and it could take 170 years to eradicate the disparity.

Source: bd News24 October 23, 2017 09:11 UTC