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.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
