In 2023 the medium pension it was equal to 1,750 euros gross For men and 1,069 euros gross for women, that is, approximately, approximately 1,430 and 947 euros net, According to the latest annual report of the INPS of September.
Gender Gap Pensions
Italian women therefore perceive 36% lower pensions About men, a gap in continuous increase, which is not attributable to the net replacement rate, that is, the relationship between the net pension remuneration and the last net employee or autonomous salary, substantially superimposable between men and women, as regards gender salary gap and working discontinuity, which heavily penalize Italian workers.
According to the 2023 edition of the INPS Observatory On employees of the private sector, the average annual salary of men is in fact equal to 26,227 euros against 18.305 euros of women, with a difference of almost 8,000 euros per year that inevitably translates into a lower check for future retirees. The genre wage gap usually begins to manifest themselves when women reach the age in which we tend to start a family: the theme is therefore closely linked to the “submerged” cost of the care of children and family members. According to the world report of the international work organization, Italian women take charge of almost all (74%) of the time dedicated to the assistance and care of the unpaid person: over 5 hours of work per day free of charge, against not even 2 hours of men. According to the calculations of Moneyfarm, If for this work “extra” 3 hours a day to women a minimum salary of 9 euros per hour for 5 days a week was paid, at the end of the year a worker could count on about 7,000 euros more.
Growing gap between men and women
Precisely because of the workload lEstate to the care of the family, 21% of Italian women in working age say they do not actively seek a job or not to be available to work. Overall, women between 30 and 59 years of age have an average employment rate of About 63%against 83% of men, but for mothers of children under the age of six, the employment rate falls to 53.3%. The mothers with three or more young children work on average three hours less than women without children or with older children And even nine hours less than children without children. However Italy remains among the countries With the highest proportion of employed compared to the population of working age, therefore, gender inequalities in the world of work remain evident, also compared to European countries such as France and Germany, where the percentage of unpaid work and care work carried out by women is over 10 percentage points lower (France 61% and Germany 62%).
Pension funds: few women who adhere
On the front of the foresight complementary the situation is not better: if of the over 24.2 million citizens of working age (born between 1965 and 1994), those who have a pension fund are only 26%, among young women aged between 30 and 39 ithe adhesion rate The supplementary social security collapses at 17%. The reason is to be traced not only to the fact that young workers adhere less than the men to the pension funds (27% vs 33%), but above all, once again, to the fact that there are 17 points of employment rate to separate them from their peers.
Patrizia FranchiInvestment Consultant Manager of Moneyfarm, he commented: “The free care work has a direct impact on women’s income, since it limits the paid working hours and the possibility of accumulating resources for the future: the gap of hours worked translates into in fact in lower earnings and minor social security contributions paid compared to men, therefore in a lower future pension. Maternity, work breaks to raise children or caregiving can significantly influence on the construction of a solid asset and on an adequate pension. These variables make a personalized approach to financial and social security planning essential to make sure that women can protect and grow their capital over time, despite the difficulties and unexpected events that could emerge during the path. In such a context, it becomes essential to put aside resources in proportion to your possibilities, to improve your financial situation and build a safer and more independent tomorrow “.
