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The Alarming Retirement Shortfall For Women

The demographics aren't playing in women's favor, at least when it comes to getting through retirement without going broke.

Because women earn less than men and typically live longer, they will on average have a 26 percent savings gap compared with their male counterparts, according to a recent study from financial services firm Financial Finesse. An average 45-year-old woman today is likely to have a retirement savings gap of $268,404 by the time she reaches 65, the group found.

Read more on CBS News

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