Why women are more likely to be poor in retirement

Why women are more likely to be poor in retirement
Why women are more likely to be poor in retirement

ORLANDO, Fla. & DENVER, Colo. (Ivanhoe Newswire) – Women-- how financially fit are you?

You’ve heard the statistic that women earn 80 cents to every dollar a man earns. That comes out to $430,000 less over a lifetime. If a man is your plan for financial freedom, you might want to rethink that.

The average age for people going through their first divorce is 30 years old, and 40% of women older than 65 are widows. In fact, women are 80% more likely to be impoverished in retirement. We talked to one woman who wants you to wise up now so you don’t go broke later.

Nicole Hastings plays the role of mom and dad for her three kids.

“It wasn’t really in the plan to marry someone with stage four lung cancer,” said Hastings.

First came the twins, Jack and Foster, but it was the youngest, Charlotte, that gave Phil a reason to live.

“He just wanted to see her be born,” said Hastings.

Phil passed away two weeks later, leaving Nicole with no savings, no insurance, and a residential window cleaning business she had no idea how to manage.


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