re: Why don't more wives demand their own retirment account?

quote:

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No my statistical evidence says that a large majority of the country is financially illiterate

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Basically half the country doesn't pay income taxes because of their income level, that's not who I'm talking about so come on. I'm not talking about Jim bob and sue ann in the trailer park getting divorced or someone in the hood, I'm talking about the top 40% or so of income earners who actually have a chance of retirement on their own without government assistance.

So yes, your statistics are off base completely for anyone that has a legit hope and want to retire.

Again, I'm talking about mostly the top 15-20% here. I'm talking about people worth millions in their 60s who divorce and the man has $2 mil plus in retirement, then they have something like another $1 mil net worth they share, and the women has virtually nothing in her own name.

It's crazy for these women to have to go back to working some assistant type of job for $10/ hour to scrape by until their divorce is final.

I just don't understand that? It's one thing to depend on one income for current income, but long term financial planning should include surviving without the other spouse which includes life insurance.