Women are known to think more of and do more for others than themselves, in the process sacrificing their careers, money and general wellbeing.
In this women’s month, think about this: There is a very high likelihood that you, as a woman, will have to parent alone, will not save enough money to cater for your needs and will ultimately die poor and alone.
Study upon study shows the odds are stacked against women.
According to an article published four years ago by the UN’s Food and Agriculture Organisation, women “reinvest” up to 90% of their earnings in their households – that’s money spent on food, health care, school and income-generating activities to help break the cycle of intergenerational poverty.
In a research paper titled “Women and Retirement Security”, Nevenka Vrdoljak and Anna Rappaport make these important findings for women to note: You live longer, accumulate less money over the years, are more likely to be a single parent, are likely to spend your final years alone, and are 80% more likely to be impoverished from age 65 and above.
This article is published in Business Live. Please follow the link below to read the rest of the article.