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 Another reason why women earn less: Couples find different reasons to retire

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Another reason why women earn less: Couples find different reasons to retire Vide
PostSubject: Another reason why women earn less: Couples find different reasons to retire   Another reason why women earn less: Couples find different reasons to retire Icon_minitimeSat Mar 01, 2014 6:24 pm
Men think about their bank balance or their health when deciding when to retire, while women quit work to care for their spouse or spend more time with their family, new research shows.

Despite the different motivations for leaving the workforce, one in three couples plan to co-ordinate the timing of their respective retirements, according to the Melbourne Institute of Applied Economic and Social Research.

Researcher Diana Warren tracked retirement trends among couples between 2001 and 2008 and found two-thirds quit work within two years of each other. The most common pattern is for the wife to retire before her husband, and at a younger age.

Men who own their own home outright, have completed year 12 and have a higher level of relationship satisfaction are more likely to retire. Poor health more than triples their likelihood of retiring.

Read more: http://www.smh.com.au/money/money-health-or-family-couples-find-different-reasons-to-retire-20140301-33sxg.html#ixzz2ukxiqVjQ

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