Retirement Preparedness in Non-Married Women Near Retirement

TitleRetirement Preparedness in Non-Married Women Near Retirement
Publication TypeJournal Article
Year of Publication2009
AuthorsLee, YG, Rowley, M
JournalJournal of Family and Consumer Sciences
Volume101
Issue2
Pagination53
Call Numbernewpubs20091202_YoonLee.pdf
KeywordsConsumption and Savings, Retirement Planning and Satisfaction, Women and Minorities
Abstract

Using data from the 2004 Health and Retirement Study (HRS), the authors examined the savings and retirement preparedness of non-married women between the ages of 51 and 64. Approximately 68 of the non-married women did not meet one of the criteria for retirement preparedness (i.e., having investment assets greater than 25 of their net worth). Multivariate regression analyses show that all else being equal, divorced women held significantly lower levels of net worth and were less likely to meet the criterion for being financially prepared for retirement than their widowed counterparts. The findings suggest that women with less income, less education, who were Black, and in poor health had lower levels of net worth and were less likely to meet the criterion for being prepared for retirement.

Endnote Keywords

Women/Retirement planning/Retirement Saving

Endnote ID

21190

Citation Key7371