Women Fear They'll Have Little Gold in Their Golden Years

Nearly forty pic of ladies aged thirty to fifty five square measure disturbed regarding disbursal their retirement years at or close to the poverty line as a result of they cannot adequately but retirement, per a recent survey.

The National Women's 2005 Retirement Survey found that ladies of color square measure most involved regarding their ability to avoid wasting for retirement. whereas fifty three pic of ladies of color report that they expect to measure at or close to the poverty line in their retirement years, simply thirty three pic of all men expect to face identical quandary.

The survey was commissioned by the Henry John {heinz|industrialist} Family Philanthropies beneath the direction of missioner Heinz, founding father of the Women's Institute for a Secure Retirement and chairman of the industrialist Family Philanthropies.

Here square measure a number of the survey's different key findings.

* cardinal pic of ladies expect to still work once they reach retirement age, as well as fifty seven pic of Hispanic girls.

* cardinal pic of ladies have very little to no cash left to avoid wasting for retirement once they pay their bills, rising to sixty two pic among Hispanic and African-American girls.

* Once asked, "At the current time, does one feel that you simply square measure saving enough cash for your retirement?" sixty two pic of the ladies surveyed answered "no." Among girls of color, seventy four pic of African-American and Hispanic girls aforesaid they're not saving enough.

* once asked regarding barriers to saving for retirement, African-American girls square measure over doubly as doubtless as white girls to cite "financial responsibility for adult youngsters or grandchildren" as a reason for not saving for retirement. Of the African-American girls supporting their adult youngsters or grandchildren, sixty three pic report disbursal between $100 and $1,000 on them monthly.

The industrialist Family Philanthropies commissioned this survey with the Agatha Christie Foundation; the Barbara Lee Foundation et al to spot the important retirement savings problems facing girls and to use the information to develop ways in which to assist girls secure their money futures.

The survey polled one, 700 adults and includes a margin of error of and or minus two.4 proportion points.