Yes, you read that correctly — a new analysis has foundthat women are 80% more likely than men toface financial hardship during retirement.

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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.

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For women age 65 and older, the data indicate that their typicalincome is 25% lower than men.

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As men and women age, men's income advantage only increases,hitting 44% by age 80 and older.

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As a result, women were 80% more likely than men to beimpoverished at age 65 and older, while women ages 75–79 were threetimes more likely to fall below the poverty level as compared totheir male counterparts.

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And widowed women are twice as likely as widowed men to beliving in poverty during retirement.

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The report included the news that in 2010, men received $17,856in median retirement income from a pension, whereas women receivedonly about two thirds of that, $12,000.

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Defined contribution and 401(k) retirement account assets alsohave a gender gap — Vanguard reported that in 2014, themedian amount accumulated in these savings accounts was $36,875 formen and 34% less for women, at just $24,446.

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Interestingly, women in the health care, education and publicadministration fields, where defined benefit pension plans are moreprevalent, have higher incomes in retirement and lower rates ofpoverty than in other industries, due to their increasedparticipation in DB pension plans.

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Women are more reliant on Social Security in retirement, aswell.

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While it's an important source of income for older householdswith incomes totaling less than $80,000, women who are widowed,divorced and over age 70 rely on Social Security benefits for amajority of their income.

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Black women rely largely on Social Security, while women ofother ethnic groups also rely on wages to a large extent.

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