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Women outlive men, but in their twilight years, they're much more likely to fall below the poverty line. In fact, according to the Women's Institute for a Secure Retirement (WISER), the largest segment of the population living in poverty is made up of elderly females. (The average Social Security benefit for women is $800 per month, compared to $1,177 for men; this is due to less time spent in the workforce overall, explains UPI.) Says Cindy Hounsell, President of WISER: "With more years out of the workforce to care for family, combined with lower wages and a greater life expectancy, it's clear that simply being a woman in our society may jeopardize your financial security." And as a second new study shows, young women — and rightfully so — are much more anxious about being able to save for retirement, pay bills, and provide for children than their male counterparts. More »
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