Yes, it is true, women live too long. The numbers say the average lifespan of women is 79, whereas for men it is 72. Why do I say women live too long? It is due to the very real risk of a reduced standard of living in a her later years.
Consider the following facts. On average women still earn less than men. Women have smaller pensions and social security benefits than men. The average age of widowhood is 56. Approximately 75% of women are eventually widowed. 87% of the adults living in poverty are women. (Statistics from WIFE, the Womens Institute for Financial Education)
Steve Hood is a financial advisor/coach with more than 30 years of experience, concentrating in retirement planning and investment management.
Women's Institute For A Secure Retirement
Improving the long-term financial security of all women through education and advocacy.
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