Women Are Overly Reliant on Social Security, Survey Says

Women have a more difficult time saving for retirement than men do. Lower median incomes and longer life expectancies form a dangerous combination that leaves many women struggling to get by in their senior years. Many find the idea of a guaranteed monthly Social Security check comforting, but they seem to have a little too much faith in the support Social Security will provide.

Approximately 32% of women surveyed by Transamerica said they expect Social Security to be their primary source of income in retirement. Twenty-four percent of men said the same. But that's a dangerous plan, especially for women. I explain why below.

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Source Fool.com