1. Women’s Financial Statistics

2. On average, women spend 13 years less in the workforce compared to men. Women enter and leave the workforce for a variety of reasons including raising a family and caring for elderly parents or family members. On average, women spend 13 years less in the workforce compared to men. Women enter and leave the workforce for a variety of reasons including raising a family and caring for elderly parents or family members.

3. The wage rate for women has increased, however, a gender wage gap still exists. In 2011, women earned 82 cents for every $1 a man earned. The wage rate for women has increased, however, a gender wage gap still exists. In 2011, women earned 82 cents for every $1 a man earned.

4. Seven out of ten working women earn less than $30,000 per year in jobs.  $30,000  $30,000 6767 4545 2323 1 2323 1

5. Five out of ten women work at jobs that do not offer employee sponsored retirement plans. Five out of ten women work at jobs that do not offer employee sponsored retirement plans.

6. Nearly seven of every ten women, after age 75 to 84, do not have a spouse present. Nearly seven of every ten women, after age 75 to 84, do not have a spouse present. Women age 75 to 84 without a spouse present 4 6 2 5 3 1 7

7. Nearly nine of every ten women over age 85 do not have a spouse present. 10 123456789

8. Eighty-five to 90 percent of women will be solely responsible for their own finances at some point during life. For most women, this will occur later in life. Eighty-five to 90 percent of women will be solely responsible for their own finances at some point during life. For most women, this will occur later in life.

9. References Brennan, P. & O’Neil, B. (2004). MoneyTalk: A Financial Guide for Women. (NRAES-160). Bureau of Labor Statistics. (2012). Current Population Survey: Table 39: Median weekly earnings of full-time wage and salary workers by detailed occupation and sex, 2011. Heinz Family Philanthropies, & Women’s Institute for a Secure Retirement. (n.d.). What women need to know about retirement. Retrieved August 14, 2012, from http://www.wiserwomen.org/pdf_files/ebook/completeebook.pdf. http://www.wiserwomen.org/pdf_files/ebook/completeebook.pdf

10. Jennifer Hunter, PhD Extension Specialist for Family Finance June 2013 Copyright © 2013 for materials developed by University of Kentucky Cooperative Extension. This publication may be reproduced in portions or its entirety for educational or nonprofit purposes only. Permitted users shall give credit to the author(s) and include this copyright notice. Educational programs of the Kentucky Cooperative Extension serve all people regardless of race, color, age, sex, religion, disability, or national origin.