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Americans for Secure Retirement
Report Finds Women Can Anticipate Nearly Half the Retirement Income of Men
May 25th, 2008
Women are at a much higher risk than men of facing economic uncertainty in retirement and, on average, they'll enter retirement with considerably less savings than men. Women face these unique challenges because they spend fewer years in the workforce, earn less income and have longer life spans than men, according to a report released entitled, The Female Factor 2008: Why Women are at Greater Financial Risk in Retirement. Multiple factors combine to cloud women's retirement security, including less time in the workforce and lower lifetime earnings then men. The report finds that women earn 77 cents for every dollar earned by men, which translates into a median...
Source: Pharma Investments, Ventures & Law Weekly (2008-05-25)
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