Marcelo Barra, who works as a sail maker at a company in Kalihi, wants to save for retirement. But after paying bills and other family expenses, there never seems to be enough money for savings.
Many Hawaii residents are facing a saving shortfall that could crimp their ability to enjoy a comfortable retirement and saving for retirement is especially difficult for women. That’s because women live longer than men, leave the work force more often to care for family members, and are at greater risk of outliving their retirement income. Older women are 57 percent more likely to live in poverty than older men, according to a recent University of Hawaii study.
When AARP volunteer Laurie Kaneshiro brought her mother home to Hawaii to take care of her, she had no idea what was ahead and how much it would cost.
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