Study: Nine out of 10 women facing poverty in retirement

CLOSE to nine out of 10 women are facing poverty in retirement, according to a survey.

Research shows that although women account for 85% of all consumer purchases including 93% of food and 92% of holidays, they are less financially prepared than men for retirement and for unforeseen life events such as redundancy or serious illness.

The results of the Axa survey have been released ahead of a conference in Dublin on Friday called Sheconomy, which is aiming to help professional women to be more financially prepared for their future.