Women worry about money shortages in retirement

WOMEN, particularly housewives, fret that money shortages during retirement will be a major cause of loneliness, according to a survey.

More than a third said lack of money was high on their list of worries when it came to spending their retirement alone. A similar number of people aged over 55 years feared money shortages would lead to a lonely life. Surprisingly, almost one in five people aged between 18-24 (18%) were already concerned they would be unable to get out and about and meet people due to financial restrictions in their retirement.

The TNS MRBI/ Omnibus Survey of 1,000 adults, commissioned by financial service providers Seniors Money, found: