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Children of Incarcerated Parents

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Longevity<br />

It is researched that females tend to live five years longer on average than men. The<br />

death <strong>of</strong> a spouse is an important determinant <strong>of</strong> female old-age poverty. Thus, women<br />

face a complex money management situation in which their funds need to last, on<br />

average, five years longer than men's.<br />

In 2009 Gornick et al. found that older women (over 60) were typically much wealthier<br />

than their national average in Germany, US, UK, Sweden and Italy (data from 1999–<br />

2001). In the US their wealth holdings were four times the national median.<br />

Page 35 <strong>of</strong> 109

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