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Old-Age Poverty: Single Women & Widows & A Lack of Retirement Security

Teresa Ghilarducci, Martha Susana Jaimes and Anthony Webb ()

No 2018-06, SCEPA policy note series. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School

Abstract: Rates of elder poverty among widows and single women are higher than among couples and men. Poverty among single women reflects low lifetime earnings and spotty pension coverage, whereas poverty among widows results from the exhaustion of financial resources. In both cases, women will benefit from the creation of Guaranteed Retirement Accounts (GRAs), a source of independent retirement income lasting a lifetime.

Keywords: Retirement; Women; Widows; Poverty; Older workers; Earnings; Pensions (search for similar items in EconPapers)
JEL-codes: D63 E21 H55 I30 J16 J26 J32 (search for similar items in EconPapers)
Pages: 6 pages
Date: 2018-12
New Economics Papers: this item is included in nep-age and nep-mac
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