Friday, September 25, 2009

Women Delay Retirement in the U.K.

Women in the U.K., like their American counterparts, are having to postpone retirement according to a recent article:


Tens of thousands of women delay retirement amid recession - Telegraph


The article states:

The number of females over the age of 60 in work has jumped during the past year as they struggle to cope with the rising cost of living.

Women tend to have less money than men in retirement because of career breaks taken to have children often mean they miss out on building up the required contributions needed to benefit from the full state pension.

Laith Khalaf, a pensions expert at wealth managers Hargreaves Lansdown, said: “Women are more likely to have a broken career history to look after a family and so they will be more likely to feel the squeeze at retirement as a result of the recession.”

This is a familiar story for women caregivers. Also mentioned in my article:

Women and Retirement: "The Big Mistake"

Where is the movement to keep younger women from following this path? Or, to make care-giving more profitable for women?

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