A majority of female retirees, 81%, have experienced at least one such unexpected financial event, versus 69% of men. Retired women are also more likely to face other shocks, including the death of another family member or close friend, suffering a financial setback or becoming a caregiver. Women are more likely to be caregivers for familyMoreover, a majority of unpaid family caregivers are women. Women are more likely to take on those responsibilities when they may not have enough saved for their own retirement, she said. Half of women said they are behind on retirement savings, versus just 35% of men, according to a 2022 Goldman Sachs report.

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Persons: There's, Edward Jones, Lena Haas, Haas, Heather Ettinger, Ettinger, Goldman Sachs Organizations: AARP, Fairport Wealth, Social Security Locations: Cleveland , Ohio