Social researchers and financial experts agree that women investing for retirement--especially those from African-American, Latino and other ethnic communities--are facing tough choices in the wake of the last decade’s financial downturns.
Today’s tough economy leaves female retirees—regardless of whether they’ve had financial guidance—to grapple with decisions about how to invest their hard earned savings. Although retirement research and best-practice recommendations may be sparse, one thing many working women have going for them is their resilience.
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Experts say that data is limited on how women invest for their post-retirement years, partly because of individuals’ reluctance to share information about their finances, said Wilhelmina Leigh, a senior research associate in economic security for the Joint Center for Political and Economic Studies, in Washington, D.C.
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