The Facts about Women and Retirement

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Here are the facts:

According to the Department of Labor, a woman 65 years old can expect, on average, to live another 20 years, two years longer than a man.
Close to 50% percent of first marriages, and an even higher percentage of second marriages, end in divorce.
There are currently six million more women 65 and over than men, according to the Census Bureau.
The Census Bureau reports that 48% of women 65 and older are widowed or divorced, compared to 26% of men.
It’s been estimated that a single woman has at least a 75% chance of outliving her financial assets in retirement.
Working women in their 40s and 50s expect to save an average of $200,000 for retirement, about half of what men their age expect to save, according to a financial survey.
The poverty rate for all women 65 and older is 11%, but for single women it is about 19%.
Single seniors are far more likely to live in poverty than married seniors.
In the 65 and older age group, the Census Bureau reports that twice as many women as men live in households that receive food stamps.
The Department of Labor reports that only about half of working women age 21 to 64 have ever participated in a retirement plan.
Among full-time, year-round workers, women are paid an average (non-adjusted) of about 83% of what men are paid.
More than 40% of older women rely on Social Security for most of their income.
According to the Census Bureau, as of 2022, 11% of women age 65 or above lived below the poverty line, compared to 9% of men.