Women Approach Longer Lives with Less Savings

Summary


NEW YORK -- Women may not earn as much as men or fly up the corporate ladder as quickly, but they get the last laugh since they live longer. Right?

As it turns out, women probably aren't saving enough to bankroll those extra years in style. They invest more conservatively, start saving later and are more likely to be in and out of the work force, according to a study by Hewitt Associates, a human resources consulting firm.

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Extract


Women Approach Longer Lives with Less Savings

Suddenly, retirement isn't looking so rosy.

Women live an average of 22 years after retirement versus 19 years for men and medical costs are rising, so wo...

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