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Why women need to save more than men for retirement
Monday, November 15th, 2010
Nov. 12, 2010
During their working lives, women face a much larger savings challenge than men because they typically earn less – and then have to stretch their incomes out over a longer life-span when they retire. “Women live longer and they marry people who are older than they are. Add those two together and that, in itself, will cost you 20- to 25-per-cent more,” says York University’s Moshe Milevsky… they’ve earned less than the average male… and… have a longer expected life, so [they] have to save proportionally more…
Tags: pensions, poverty, standard of living, women
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