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Women Face Retirement Challenges, GAO Reports
About.com
Aug. 14, 2012 "While U.S. women are now more likely to be covered by employer-offered retirement plans than men, they continue to end up with less retirement income and face a greater risk of living in poverty than elderly men, according to a new report from the Government Accountability Office (GAO). Why? According to the GAO, it's mainly because women tend to have lower lifetime earnings than men, take more time away of the workforce to care for family members, and outlive their spouses. And, oh by the way, the recession and its bite on pension plans in general isn't helping, either." MORE >> |
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