Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Same-sex couples plan differently for retirement based on their gender

18.02.2004


Compared with their husbands, women tend to put less effort into planning for retirement, studies show. But lesbians tend to plan even less than other women, according to one of the first studies to look at the retirement plans of gay and lesbian couples.

A significant factor influencing same-sex couples’ retirement planning is, put simply, satisfaction with their relationship, according to Cornell University experts on gender issues.

"Although the quality of a marriage tends to influence how much a couple plans for retirement, the link between relationship satisfaction and retirement planning is much stronger for same-sex couples. In other words, gay and lesbian adults who are happier with their relationships plan more for retirement," reports Steven E. Mock, a doctoral student in human development at Cornell.



Mock and his two Cornell colleagues, Catherine J. Taylor, a human development doctoral student, and Ritch Savin-Williams, professor and chair of human development, analyzed data from interviews with 39 women and seven men in same-sex relationships. The couples were among 1,900 in a larger Cornell Ecology of Careers study.

Mock notes that when lesbians make financial plans for retirement, they do it with their partners, unlike gay men who tend to plan individually. "In in-depth interviews, a significant number of the study’s participants mentioned that when they went from being single to partnered, they began to think more about the future. In some cases, their partner knew more about financial planning than they did, and this increased their awareness of retirement planning," notes Mock.

He will present his findings Feb. 20 at the research and policy forum, Sustainable Careers: New Options for a New Workforce, in New York City. His study also will be published in the book, Research and Clinical Perspectives on Lesbian, Gay, Bisexual, and Transgender Aging, due out in 2005. The findings imply, Mock said, that lesbians in general and gay men who are not in relationships appear to be in particular need of planning and should consult with a financial planner or explore their savings options through their workplace. "Also, gay men and lesbians who are in unhappy relationships need to make sure that they are not ignoring their future needs," Mock warns.

The authors note that because U.S. laws currently do not recognize same-sex marriages, these couples are excluded from many of the financial, health and tax rights that marriage provides.

"Nearly all state and federal legislation assumes gay and lesbian life partners to be individuals and not economically interdependent as married couples are assumed to be," note the authors. "This lack of recognition of same-sex couples has repercussions in terms of retirement and financial planning."

Savin-Williams adds that these issues have real-world implications as the courts and legislatures debate if and how best to recognize same-sex couples whom have made a commitment to each other. "It would be a tragedy of immense proportions if same-sex couples who have been together for decades discover at the end of their life that they have few resources to enjoy their retirement and their last years of life," he notes.

Experts estimate that between 3 to 8 percent of adults are gay or lesbian and that roughly 4 million Americans who will be over the age of 65 by 2030 will be gay or lesbian. "The baby boom generation is the first generation in which same-sex couples are an issue," Mock says, "and it is also the largest generation ever to retire. Hopefully, its sheer magnitude will make an impact on helping gay men and lesbians plan better for retirement and in modifying laws and policies to better protect same-sex partners."

The research was funded, in part, by the Cornell Careers Institute.

Susan S. Lang | Cornell News
Further information:
http://www.news.cornell.edu/releases/Feb04/gay.retirees.ssl.html
http://www.human.cornell.edu/faculty/facultybio.cfm?netid=rcs15&facs=1

More articles from Social Sciences:

nachricht New measure for the wellbeing of populations could replace Human Development Index
07.11.2018 | International Institute for Applied Systems Analysis (IIASA)

nachricht Because not only arguments count
30.10.2018 | Max-Planck-Institut für Mathematik in den Naturwissenschaften (MPIMIS)

All articles from Social Sciences >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: The taming of the light screw

DESY and MPSD scientists create high-order harmonics from solids with controlled polarization states, taking advantage of both crystal symmetry and attosecond electronic dynamics. The newly demonstrated technique might find intriguing applications in petahertz electronics and for spectroscopic studies of novel quantum materials.

The nonlinear process of high-order harmonic generation (HHG) in gases is one of the cornerstones of attosecond science (an attosecond is a billionth of a...

Im Focus: Magnetic micro-boats

Nano- and microtechnology are promising candidates not only for medical applications such as drug delivery but also for the creation of little robots or flexible integrated sensors. Scientists from the Max Planck Institute for Polymer Research (MPI-P) have created magnetic microparticles, with a newly developed method, that could pave the way for building micro-motors or guiding drugs in the human body to a target, like a tumor. The preparation of such structures as well as their remote-control can be regulated using magnetic fields and therefore can find application in an array of domains.

The magnetic properties of a material control how this material responds to the presence of a magnetic field. Iron oxide is the main component of rust but also...

Im Focus: Self-healing coating made of corn starch makes small scratches disappear through heat

Due to the special arrangement of its molecules, a new coating made of corn starch is able to repair small scratches by itself through heat: The cross-linking via ring-shaped molecules makes the material mobile, so that it compensates for the scratches and these disappear again.

Superficial micro-scratches on the car body or on other high-gloss surfaces are harmless, but annoying. Especially in the luxury segment such surfaces are...

Im Focus: Stellar cartography

The Potsdam Echelle Polarimetric and Spectroscopic Instrument (PEPSI) at the Large Binocular Telescope (LBT) in Arizona released its first image of the surface magnetic field of another star. In a paper in the European journal Astronomy & Astrophysics, the PEPSI team presents a Zeeman- Doppler-Image of the surface of the magnetically active star II Pegasi.

A special technique allows astronomers to resolve the surfaces of faraway stars. Those are otherwise only seen as point sources, even in the largest telescopes...

Im Focus: Heading towards a tsunami of light

Researchers at Chalmers University of Technology and the University of Gothenburg, Sweden, have proposed a way to create a completely new source of radiation. Ultra-intense light pulses consist of the motion of a single wave and can be described as a tsunami of light. The strong wave can be used to study interactions between matter and light in a unique way. Their research is now published in the scientific journal Physical Review Letters.

"This source of radiation lets us look at reality through a new angle - it is like twisting a mirror and discovering something completely different," says...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

VideoLinks
Industry & Economy
Event News

International Modelica Conference with 330 visitors from 21 countries at OTH Regensburg

11.03.2019 | Event News

Selection Completed: 580 Young Scientists from 88 Countries at the Lindau Nobel Laureate Meeting

01.03.2019 | Event News

LightMAT 2019 – 3rd International Conference on Light Materials – Science and Technology

28.02.2019 | Event News

 
Latest News

Solving the efficiency of Gram-negative bacteria

22.03.2019 | Life Sciences

Bacteria bide their time when antibiotics attack

22.03.2019 | Life Sciences

Open source software helps researchers extract key insights from huge sensor datasets

22.03.2019 | Information Technology

VideoLinks
Science & Research
Overview of more VideoLinks >>>