Yes, you read that correctly — a new analysis has foundthat women are 80% more likely than men toface financial hardship during retirement.
A report from the National Institute on Retirement Security,“Shortchanged in Retirement, The Continuing Challenges to Women'sFinancial Future,” found that, among other bad news for women, theyhave substantially less income during retirement than men do — andthat cuts across all age groups.
For women age 65 and older, the data indicate that their typicalincome is 25% lower than men.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
