Retired women are more prone to financial crisis

Lower wages and higher medical costs are putting retiring women at greater risk for financial ruin than men, according to a recent survey.

Seventy percent of nursing home residents are women, and the average cost of a private nursing home room is more than $90,000 per year, said Debra Whitman, Chief Public Policy Officer for the AARP. Retired women pay about $600 more per year than men on out-of-pocket health costs, Whitman said.

Mark Grandstaff | USA Today

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