Wharton Economist: Women at Greater Risk in Retirement Than Men

Women are not doing enough to prepare for their financial security in retirement and they may be making misguided investment decisions based on their unique circumstances, according to a new study by Wharton professor David F. Babbel and co-sponsored by New York Life Insurance Company. In addition to being faced with decreasing rates of return on Social Security contributions, the demise of defined benefit pensions, and the added risk of outliving their nest eggs, women are living longer than men and therefore need to accumulate enough wealth to finance additional retirement years.

Wharton Economist: Women at Greater Risk in Retirement Than Men
Source: Business Wire