60% of women and 41% of men age 65 and older do not have enough income to cover their basic expenses without assistance. Income includes SS, pension and retirement savings, and a paper published by WOW shows more than half of all households with only older people need financial assistance from private or public programs, or family, to get by.
Here is a write up in the NYT Older Women Struggle to Make Ends Meet - NYTimes.com
Here is a link to the study http://www.wowonline.org/documents/OlderAmericansGenderbriefFINAL.pdf
Especially challenged were women living alone and renting. This reinforces the need to save throughout one's entire life.
Here is a write up in the NYT Older Women Struggle to Make Ends Meet - NYTimes.com
Here is a link to the study http://www.wowonline.org/documents/OlderAmericansGenderbriefFINAL.pdf
Especially challenged were women living alone and renting. This reinforces the need to save throughout one's entire life.