Divided We Fail (AARP, Business Roundtable, SEIU and NFIB) and WISER are co-sponsoring an event today to examine how women can increase their lifetime financial security. An array of perspectives and solutions ranging from implementing new public policy to rethinking financial planning options will be presented, with panels to include Martha Hamilton of the Washington Post, Mary Beth Franklin of Kiplinger, and folks from a whole range of groups.
This comes on the heels of a new report that shows women are nearly twice as likely to be poor as men as they reach pre-retirement and retirement ages, according toa new report. The Public Policy Institute Report found that variables such as marital status, labor force participation, and health status affect the risk of poverty for women as they age. In fact, the poverty rate in retirement for African-American women is nearly three times the rate for white women. African-American women, even those who are not poor, are only one-third to one-half as likely as white women to have income from assets.
Check out the conference.
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