
According to the National Center for Women and Retirement Research, as many as 9 out of 10 women will be solely responsible for their finances at some point in their lives. The consequences of such circumstances can financially cripple many women. The numbers speak for themselves:
• Over 75 percent of women are widowed at an average age of 56, and 1 in 4 of these women are broke within two months of being widowed.
• Less than 15 percent of women who are married, or living with a significant other feel responsible for planning retirement