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Next Avenue: Troubling news for married women, and 3 money tips

This article is reprinted by permission from NextAvenue.org. It is part of a partnership between Next Avenue and Chasing the Dream, a public media initiative on poverty and opportunity.

After reviewing a new survey of widows from Merrill Lynch and Age Wave, I’m worried about the wives of America, or more specifically the wives who, sadly, will likely one day experience the financial shocks of widowhood.

Women are more than three times as likely as men to lose their spouse. But very few wives seem prepared to be able to manage their finances if their husbands die, according to the Merrill Lynch/Age Wave study, Widowhood and Money: Resiliency, Responsibility and Empowerment.

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