According to Eurostat, women in Luxembourg are still less paid than men (about 5% less). They also take longer career breaks (maternity breaks for example) and are likely to work part-time. The gap between men and women is big significant and cumulative. That is to say that a small gap in the beginning becomes a large gap, the more time passes. Consequences for women are significant (see graph).
Example: If in Europe a man starts his career with a salary of EUR 1,680 net/month, while his female counterpart receives only EUR 1,600 for the same position. Over a career of 45 years, the difference in terms of net salary will be EUR 89,011.
This translates into a significant handicap for women when it is time to retire. As a consequence, 45% of women think they will not be financially secure for their whole life. This is almost one in two women.