May 8, 2007
Younger women spending their retirement
By Matthew L. Brown
A new survey on women and retirement found that young women are almost twice as likely as their mothers to carry $25,000 or more in consumer debt, and have resigned themselves to never retiring.
The survey was conducted by Mathew Greenwald & Associates along with the Women's Institute for a Secure Retirement. It was commissioned by the MetLife Mature Market Institute.
Daughters surveyed said they'd stay more active in retirement than their mothers, and would retire later, if at all.
The survey also found that mothers advise their daughters to save more money, and not to live beyond their means. Daughters, on the other hand, said they are willing to "spend money if it will make you happy."
The survey also found that younger women plan to rely less on social security than their mothers and more on employer-sponsored retirement plans, and home equity.
The survey was conducted by Mathew Greenwald & Associates along with the Women's Institute for a Secure Retirement. It was commissioned by the MetLife Mature Market Institute.
Daughters surveyed said they'd stay more active in retirement than their mothers, and would retire later, if at all.
The survey also found that mothers advise their daughters to save more money, and not to live beyond their means. Daughters, on the other hand, said they are willing to "spend money if it will make you happy."
The survey also found that younger women plan to rely less on social security than their mothers and more on employer-sponsored retirement plans, and home equity.
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