Fewer than 20% of Baby Boom women will experience a secure
retirement. Marriage, education, occupation, home ownership--these
variables predict their future. Possession of all four indicates
retirement security, and absence of any increases risk of old-age
poverty. This riveting sociological study also examines the social
relations and structures that will determine the retirement
experience, options, and decisions for more than 40 million Baby
Boom women. These women's material base and social status are
examined through the use of empirical data, and the key predictors
of their retirement are identified.
The massive entry of Baby Boom women into the labor force
increases the importance of retirement planning for working women.
It comes at a time when existing research models and data are
outdated and inadequate to effectively predict their future
retirement experience. Over the past 30 years, American men and
their spouses have benefited from the linear, undifferentiated
model of the traditional male retirement. For the Baby Boom
generation, however, the nature of work has changed significantly.
The current retirement model may not serve Baby Boom men as well as
in the past, let alone Baby Boom women. In contrast, this book
offers a new, dynamic model that considers the social and work
structures influencing women's lives and that accurately reflects
the predictors and parameters of Baby Boom women's retirement.
General
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