The Consequences can be Serious
- It is not unusual for a woman to go broke within a few months after he spouse dies.
- Average age of widowhood is 59.
- Women are less likely to be covered by a pension compared to men.
- Women in America are still 35 percent more likely than men to be poor in America, with single mothers facing the highest risk. Currently, 35 percent of single women with children live and raise their families in poverty.
The statistics are disturbing, but it’s never too late to start taking control of your financial future.