Three-quarters of retirement age divorced people need to have a better understanding of how to manage their finances, but women are doing a better job than men, according to a new survey of CPA financial planners.
The survey, by the American Institute of CPAs, found the planners’ female clients are much more likely to exhibit positive financial behaviors after a divorce than their male clients are. Women are twice as likely to seek out a job (40.2 percent for women, compared to 20.6 percent for men) and increase their savings toward retirement (41.3 percent for women, compared to 16.4 percent for men).
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