Some interesting information about women and money, including:
Between one-third and two-thirds of women now aged 35 to 55 will be impoverished after age 65 if they do not immediately start to prepare financially for their later years, according to Dr. Christopher L. Hayes, Founder and Executive Director of the National Center for Women and Retirement Research.
A study in Britain reveals that 59% of wives would leave their husbands if they could afford it! The survey of 2,000 adults revealed that 12% would stay in an unhappy relationship just for an easy life.
According to the Population Reference Bureau, 26% of women ages 65 to 74 lived alone in 2018. The number jumped to 39% for women ages 75 to 84. This is due in part to women’s higher life expectancy than their male partners.
Women in America are 35% more likely than men to be poor in America, according to Legal Momentum, a national nonprofit that leads action for the legal rights of women. Also, 35% of single women with children live and raise their families in poverty.
The poverty rate for elderly women was 11 percent in 2017; women made up nearly two-thirds of the elderly poor, according to the National Women’s Law Center’s analysis of U.S. Census data released in 2018.
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