ERIC Number: EJ720191
Record Type: Journal
Publication Date: 2004
Reference Count: N/A
The Interplay between Women's Life Course Work Patterns and Financial Planning for Later Life
Berger, Ellie D.; Denton, Margaret A.
Canadian Journal on Aging, v23 suppl 1 ps99-s113 2004
In order to gain a comprehensive understanding of the interplay between women's life course work patterns and their financial planning for later life, we examined data from semi-structured interviews with retired women (n = 28) aged 59 to 92. The majority of women disrupted their careers at some point in time, for an average of 14 years, primarily for the sake of child-rearing responsibilities. We found that financial preparedness and income security in later life are structured by women's life course work patterns. However, individuals also have the ability to shape their own lives and many of the women took the initiative to acquire financial knowledge irrespective of their work situation. Financial- planning advice that participants gave to future generations of older women was also explored and centred on the importance of saving, avoiding debt, maintaining financial independence, and planning ahead.
Descriptors: Females, Older Adults, Money Management, Career Development, Economic Impact, Child Rearing
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Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Authoring Institution: N/A