ABSTRACT

Retirement Security: Older Women Report Facing a Financially Uncertain Future, Report to the Special Committee on Aging, U.S. Senate   [open pdf - 2MB]

From the Highlights: "Older adults represent a growing portion of the U.S. population and older women have a longer life expectancy, on average, than older men. Prior GAO [Government Accountability Office] work has found that challenges women face during their working years can affect their lifetime earnings and retirement income. For example, we found women were overrepresented in low wage professions, paid less money than their male counterparts during their careers, and were more likely to leave the workforce to care for family members. Taken together, these trends may have significant effects on women's financial security in retirement. GAO was asked to report on the financial security of older women. This report examines (1) women retirees' perspectives on their financial security, and (2) what is known about the financial security of older women in retirement."

Report Number:
GAO-20-435
Publisher:
Date:
2020-07
Copyright:
Public Domain
Retrieved From:
Government Accountability Office: https://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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