DWP State Pension warning to millions of women

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DWP State Pension warning to millions of women
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Women are more likely than men to rely solely on State Pension in their later years

Millions of women are likely to be left with less to live on when they retire than their male counterparts, according to new research.

Among people planning to retire before they reach State Pension age, men were more likely than women to say they will use money from investments to help fund the gap. Women were more likely than men to say they intend to rely on money from their partner's savings during that period.READ MORE: 210,000 people could be missing out on £1000s of state pension

She added: "Retirement is meant to be when you have the time to do the things you'd like to do, and for many women the state pension alone won't give them the income they'd like. The cost-of-living crisis is putting extra pressure on household budgets, but relying on the state pension alone could mean many years of making very tough choices about spending."

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