The message? Because women are still being short-paid on the man’s dollar, it’s leaving them with 30 percent less in retirement savings — or $1.6 million to be exact.
Both the statistic and the dress should make people gasp, according to the womenswear brand’s namesake designer.
“You have to think about how crazy it is, how we were working around the clock to even showcase this,” she said.But to both Noel and financial services firm TIAA, who partnered with the brand to deliver this message duringpresented us with an opportunity to bring the retirement income gap to life on a global stage,” TIAA chief marketing officer Micky Onvural told WWD. “Women retire with a staggering 30 percent less retirement income than men.
“We believe that employers need to make pay equity a priority by conducting regular pay audits so they can see and address pay gaps in their workforce,” Onvural said. “We also need to expand access to opportunities for career advancement that can increase pay and boost retirement savings for women.
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