When Retirement is Unaffordable

An older Asian woman looking out the window. Only the top part of her body is visual. She is wearing a striped t-shirt and has short dark hair with bangs. Meruyert Gonullu/Pexels

This article addresses the growing number of older adults who cannot afford to retire, often due to a lack of retirement savings and insufficient social security benefits. While the article doesn’t specifically gender gaps in retirement, the information is powerfully relevant.

“As the ageing US population grows, participation in retirement plans has declined since 2000. Nearly half of all families in the US have no retirement savings at all and inequality among Americans based on retirement savings is greater than income inequality. Over 15 million adults ages 65 and older are economically insecure, with incomes below 200% of the federal poverty line, with Black, Hispanic and women ages 65 and older more likely to live in poverty.”