Women face a series of challenges that add up to make retirement prospects “pretty bleak,” including issues such as gender pay inequality, longer life spans and a lack of savings based on U.S. Census Bureau data.

But Cindy Hounsell, founder and president of the Women’s Institute for a Secure Retirement, said during an event hosted by CNBC that there are ways to adequately prepare.

“The typical woman earns a lower salary than men: about 82 cents for every dollar, according to the Pew Research Center,” CNBC stated in its account of the event. details ⇒

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