Although more than a third of men have taken a career break or early retirement just because they could afford to the figure is much lower for women, research shows.
This is according to AJ Bell's latest Money Matters report which found just 30% of women had taken a career break or retired early for caring responsibilities. The survey was conducted among 4,000 UK adults in June 2023 and was based on parents working full-time before having a child. When it came to returning to work, women were more likely to have to return to work because they needed the money, while men were most likely to return because "they wanted a new challenge or a sense of purpose - not because they had run out of cash". The study's findings highlight the gender disparit...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes