From press release:
Women are nearly twice as likely to be poor as men as they reach pre-retirement and retirement ages, according to a new report by AARP’s Public Policy Institute (PPI). The study, titled “From Work To Retirement: Tracking Changes in Women’s Poverty Status,” found that variables such as marital status, labor force participation, and health status affect the risk of poverty for women as they age.
Women’s longer life expectancies play a large role in determining their lifetime financial security. They are more likely to lose a spouse – nearly 40 percent of women 65 and older were unmarried and living alone compared to only 16 percent of men – and they are also more likely to encounter health related problems.
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