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Study: Many Older Women Struggle with Finances

Note to our I Start Wondering community: very little of the medical, financial, and sociological research discussed in our news media is focused on older women. To counteract that lack of attention on us, ISW is starting a new series—and eventually a new page—that shares important research specifically about women at midlife and beyond.

Photo by micheile dot com on UnSplash
Photo by micheile dot com on UnSplash

Women between the ages of 50-64 are having more financial concerns than men of that age group in the wake of the COVID-19 pandemic. These findings were part of an AARP study published in November 2021 that focused on the immediate-, mid-, and long-term financial concerns of Americans 50 years of age and above. The results include these negative circumstances:

  • Nearly 40% of women expressed concerns about the economy’s effect on them.

  • 67% of women said they were very or somewhat worried about increasing prices in relation to income.

  • Almost 50% said they had taken unplanned negative action, including skipping medical care, prioritizing the health of a loved one over their own, and skipping/reducing prescription medication.

For the full results, please see the study here.

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