| Why Should Women Invest? |
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| Written by BPT |
| Thursday, 15 October 2009 02:28 |
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There are good reasons why women should aim to be financially independent. Not only are women expected to live an average of seven to 10 years longer than men, their retirement income is less than half that of men. According to the United States-based National Center for Women and Retirement Research, the combination of lower salaries and spending less time in the workforce means that women have retirement benefits that are about a quarter those of men.
Other statistics show that almost 50% of women over the age of 50 are single – either by choice, divorce or death of a partner – and so are financially responsible for themselves and possibly a couple of children. Basically, if you are not financially independent then there is a strong chance someone – whether it be a partner or the government – will at least in part be determining what you can and can not do. |
| Last Updated on Monday, 25 January 2010 18:27 |
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