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4 Out Of 5 Older Women Flunk This Retirement Literacy Quiz

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What older women don’t know about retirement could certainly hurt them.

Both men and women display startling low financial literacy, but women passed a simple test of financial knowledge at half the rate of men, according to a study focusing on Americans of retirement age by the Bryn Mawr, Pa.-based American College of Financial Services New York Life Center for Retirement Income.