smiling older woman with money The move during the 1970s and 1980s of women into the workplace, coupled with better education leading to better jobs, means that women have increased their financial independence. (Photo: Shutterstock)

Thanks to changes in everything from work records to the workplace itself, the poverty rate of widows should keep falling into the future.

That’s according to the Center for Retirement Research at Boston College, which points out that while it’s common for widows to end up poverty-stricken if they lose a husband’s pension on his death—as well as because of a drop in retirement income from Social Security when the late husband’s benefit ceases—other changes in women’s circumstances have meant that for the past 20 years their poverty rate has been on the decline.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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