Older Women's Financial Resources and Perception of Financial Adequacy

Abstract

Data from the Georgia Centenarian Study were used to investigate sources and amounts of older women's financial resources and their perception about the adequacy of those resources. The findings revealed that age, marital status and race have an impact on women's financial resources. Centenarian women had the highest poverty rate. Six times as many black as white women received Supplemental Security Income. The poverty rate for black women approached that of single centenarian women. Over twice as many married women received pensions and more had investment earnings than those who were not-married. Fourteen times as many not-married women as married women were in poverty.