On average, women live approximately seven years longer than men. But very often women never provide for themselves sufficiently to have enough money to live on, and being financially secure during those extra years.

Most women are up against more and different financial challenges than men. On average, they unfortunately still don’t earn as much as men do, and chances are that they are more likely to take time off during their careers to raise children. Furthermore, women tend to invest less than men do.

All this results in financial difficulties and hardship for many women later in life.