Saving You Money For Life

According to AARP and the United States Department of Labor’s Women’s Bureau half of the 60 million women in the workforce aren’t on track to reach a secure retirement. Here are some facts:

• Of the 59 million women currently earning a salary in the nation, less than half — just 47 percent — have a retirement plan (US Dept. of Labor Women’s Bureau).
• Retired women are more likely to be poor than elderly men, and the risk of poverty increases with age (AARP).
• A retired woman’s median income in 2004 was $12,080, compared to $21,102 for men (Women’s Institute for a Secure Retirement).
• In Illinois, less than 1 in 3 women receive income from pensions. (Institute for Women’s Policy Research).

Tags: Retirement Planning

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According to AARP and the United States Department of Labor’s Women’s Bureau half of the 60 million women in the workforce aren’t on track to reach a secure retirement. Here are some facts:

· Of the 59 million women currently earning a salary in the nation, less than half — just 47 percent — have a retirement plan (US Dept. of Labor Women’s Bureau).

· Retired women are more likely to be poor than elderly men, and the risk of poverty increases with age (AARP).

· A retired woman’s median income in 2004 was $12,080, compared to $21,102 for men (Women’s Institute for a Secure Retirement).

· In Illinois, less than 1 in 3 women receive income from pensions. (Institute for Women’s Policy Research).

You can leave a response, or trackback from your own site.