Read our latest update.
Women find themselves living alone during retirement in greater numbers than their male counterparts. Researchers say forty percent of female retirees are single, compared with thirty to thirty-five percent for men. That gap continues to widen as the age of the retiree increases.
What is behind so many women entering retirement alone?
There are a variety of reasons, some new and some old.
What are the ramifications of facing retirement alone when you are a single female?
Single men and single women share some concerns, such as living in a secure environment and finding support with personal needs as they age. What’s different is the financial outlook. Retirement can be more of a financial challenge for senior women.
Finances and the Single Retiree
Here are a few factors women should keep in mind when planning a financially secure retirement:
Financing Senior Living
If you are a single senior exploring options for retirement living, how to finance it may be a leading concern. We encourage you to visit and review Affording Senior Living: Financial Options. You’ll find ideas for paying for senior living that range from veterans benefits to bridge loans.