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Just as the gender pay gap has proved incredibly stubborn, so too has the wealth gap. Among people over 65 in OECD countries, men have accumulated 26% more pension or retirement savings than women. In Sweden, the gap is nearly 30%. Svenska Handelsbanken, Sweden’s biggest bank, has retrained 500 financial advisers to help women match men in amassing wealth. It’s drawing attention to the long-term financial impact of different career choices, teaching employees to better promote savings for clients who have worked part-time, taken parental leave, or worked as freelancers.
Illustration by Melvin Galapon
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