Six reasons why women need to save more than men and why every woman needs to know about it to secure her financial future.

Main Points:
Women need to save more than men for the following reasons
1. They live longer than men
The average life expectancy of women in India is about 70 years compared to 67 years for males. In urban areas, especially for people working in the organised sector, this goes up to above 80 for women and late 70s for men. This means more than two decades of retirement savings.

2 Career disruptions for women 
Marriage and childbirth often causes disruptions in the careers of women, typically due to relocation. This impacts income and savings.

3. Career switches
Women often take up lower paying jobs to balance work and home. This impacts income and savings

4. Women often get paid less than men for the same job
This means they need to save more to meet the same needs.

5. Inclination to invest in low-risk investments like FD
The inclination to keep the money secure makes women after income disruptions makes women invest in lower risk investments like fixed deposits. This means that their savings are vulnerable to inflation and the money doesn't grow well.

6. Divorce or loss of spouse 
These developments make financially dependent women very vulnerable. For a secure future, women need the back up of ample savings.