posted by Bretch Synco on Jan 25
“The fear is real,” says Cindy Hounsell, president of the Women’s Institute for a Secure Retirement (WISER), a nonprofit education and advocacy group. “People see the hardship and expense of old age, particularly among women, all around them.” A worrisome new concern is the millions of baby boomer women who will be swelling the ranks of divorced, widowed and never-married women living on their own in retirement. Single retirees are at greater risk of poverty. “There has been progress, but not enough,” Hounsell says. “Women are really unprepared for what lies ahead.”