4/24/2015 – Why the retirement savings crisis is also a women’s crisis (The Washington Post)

Apr 27, 2015 Comments Off by

 The retirement savings crisis is enormous. By some estimates, Americans are under-saved by up to $14 trillion. This number may in fact be understated, because it assumes Social Security and Medicare solvency – a big if. And the solutions to this problem are generally assumed to be a real negative for the economy.

But here’s the dot that few have connected: The retirement savings crisis is also a women’s crisis. That’s because women retire with two-thirds the savings of men, live six to eight years longer and have higher medical costs. Plus, 80 percent of women are single in their final years.

Read the full article in The Washington Post.

Financial Landing 2015

About the author

The author didnt add any Information to his profile yet