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In reply to the discussion: All the Older Single Ladies in Poverty [View all]duffyduff
(3,251 posts)The women coming into retirement NOW are baby boomers, the first generation to have actually benefited from gains in women's status. The vast majority of them HAD jobs or "careers," except their retirement was STOLEN from them thanks to scam 401(k)s, gutting of pensions, the worsening economy, and age discrimination forcing them out years before they could AFFORD to retire. Many are divorced or widowed, and that second income didn't provide the cushion of a safety net to keep them out of poverty.
That article needs to be a bit more honest because the problem is going to get far, far worse. People who are 65 now were born in 1948, part of the baby boom generation.
Neoliberal economic policies have ruined lives. Women are getting the worst of it because they live longer.
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