Wealth Management
Posted by AMANDA KU on
Financial Challenges that Women Typically Face in regards to their wealth:
On average, women live longer than men
•In 1970, men could expect to live to age 69 and women to age 76
•In 2016, the average Canadian can expect to live even longer –up to age 79 for men and age 83 for women*
•Longer lifespans means women will need to fund longer retirements, protect their savings from inflation for longer and can potentially pay more for ongoing health care
Women are more likely to become widowed than men
•Typically widows face a 7% reduction in their median income in the first two years after widowhood*
•Being single can mean proportionally higher living expenses and additional responsibility to manage the family’s wealth
Women tend to leave the…
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