Women’s wealth outcomes at the end of their working careers are often inequitable when compared to men’s. Despite action from governments and the private sector, the gender wealth gap remains a reality for many women around the world.
WTW has developed the global Wealth Equity Index (WEI) in collaboration with the World Economic Forum to shine a light on a critical, overlooked, and under-researched aspect of gender inequity.
The WEI models wealth inequity for women by considering the intermingled factors that drive gender disparities in accumulated wealth at retirement. The model looks at the effects of differences in pay, career progression, financial literacy and life events that occur during a working lifetime, and calculates an index value for 39 countries worldwide.
For each country, we establish a value between 0 and 1 that represents the ratio of female to male accumulated wealth at retirement. The model projects wealth accumulation during a career life cycle – incorporating state and mandatory benefits, employer-sponsored retirement plans, real estate, and personal savings.