As more women embrace the single lifestyle, it's clear many pay a financial price, with some struggling to save for retirement on just one income.
This adds to the challenges women face on the road to retirement readiness compared to men.
Despite a lot of attention to the gender pay gap, even for full-time workers, women still earn only 83 cents for every $1 that men get—and this gap is even wider for women of color, according to the U.S. Census Bureau. This already sets women up for greater challenges when preparing for life in a post-work world. Also, consider this one-two punch:
|- Women typically retire with a staggering 30% less retirement income than men.
- On top of this, women typically live about six years longer, so they will need their income to stretch farther.
Choosing not to tie the knot
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