Women generally face more financial difficulties in later life than men, excepting most women on SS.
Below is another finding on finances of divorced women with implication for their later lives. Men in divorce suffer a deterioration in their wellbeing.
http://www.abc.net.au/news/2012-07-24/women-harder-hit-financially-by-divorces/4149760
"A new study has shown women's long-term finances are more affected after divorce than men.
Joint research led by the Australian Institute of Family Studies has shown divorced women found it difficult to recover financially and the effects last into old age.
Women with dependent children found it particularly difficult to recover financially, due to problems balancing childcare and work.
Institute director Professor Alan Hayes says while women without dependent children financially recover after six years, those with young children find it hard."
Moral: Best not to divorce but women who attain the financial nous as those in SS probably have less financial worries in old age.
Below is another finding on finances of divorced women with implication for their later lives. Men in divorce suffer a deterioration in their wellbeing.
http://www.abc.net.au/news/2012-07-24/women-harder-hit-financially-by-divorces/4149760
"A new study has shown women's long-term finances are more affected after divorce than men.
Joint research led by the Australian Institute of Family Studies has shown divorced women found it difficult to recover financially and the effects last into old age.
Women with dependent children found it particularly difficult to recover financially, due to problems balancing childcare and work.
Institute director Professor Alan Hayes says while women without dependent children financially recover after six years, those with young children find it hard."
Moral: Best not to divorce but women who attain the financial nous as those in SS probably have less financial worries in old age.