Single parents have the lowest average income for both men and women, according to the latest research.
On Single Parents’ Day, data from NOW: Pensions reveals single fathers earn 32% less than the ‘average’ man, while women fare even worse, with single mothers earning 53% less than the ‘average’ man and 37% less than the ‘average’ woman. The data also reveals single mothers have the lowest rate of labour market participation of all groups - which will significantly impact their ability to save enough into their pensions for retirement.
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