Financial Statistics Concerning Women Equal Pay Day War of the Sexes ..More Like War of the Wages!

Guest blog by Mary Ellen Spiegel, CFP
President/Founder, Fiscal Plus
Watch her interview on The Woman's Connection YouTube Vlog!

Did you know that the average age of widowhood is 56 years old, and that 76% of married women are eventually widowed. According to the Bureau of Labor Statistics,  the savings rate for single women is 1.5% compared to 2.1% for single men. And,  in the United States,  women over the age of 75 living in poverty represent the highest percentage of those of any other industrialized country. Over 70% of the United State's four million elderly poor people are women; 48% of this group are widows. Women still earn 74 cents for each dollar a man earns, which qualifies them for less Social Security and pension. The statistics speak for themselves.