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July 17, 2008 7:38 PM

A Surprise About Gender And Saving Money

(CBS)
Kelly Wallace is a CBS News Correspondent based in New York.
I wouldn’t say I was surprised to learn that according to a recent report, women are less prepared than men for retirement. We know women live longer than men (about three years on average), that women still don’t make as much as men and that women – more than men – are moving in and out of the workforce to take care of children.

But what was surprising is that women start saving later – two to four years later than men – even when the wage gap between men and women after high school and college is not as dramatic as it is in later years. Women of America – this is a big mistake. Just consider the numbers.

If you were to invest $1,000 a year (that’s just $20 a week) from age 25 to 35, you could turn your $10,000 investment into $168,000 by the time you are 65. But if you wait until you’re 35 and save $1,000 a year from 35 to 65, you’d likely end up with $125,000 – $43,000 less than what you would have had if you started saving earlier.

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Tags:
kelly wallace ,
money ,
savings
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Field Notes
March 7, 2008 1:25 PM

Katie Couric's Notebook: Sleep Tight

Sunday marks the start of Daylight Saving Time, which means we "spring forward" to gain an hour of daylight ... but lost an hour of sleep.

And Americans just got a wake-up call from the National Sleep Foundation.

To hear more, just click the little monitor.
Tags:
katie couric ,
daylight savings
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Katie Couric's Notebook
May 8, 2007 2:26 PM

Suffer The Children

Grim tidings today from London and a new report that tells us something else about the tragedy that is Iraq:

The chance that an Iraqi child will live beyond age 5 has plummeted faster than anywhere else in the world since 1990, according to a report released Tuesday that placed the country last in its child survival rankings.

(AP Photo/Ali Abed)
One in eight Iraqi children died of disease or violence before reaching their fifth birthday in 2005, according to the report by Save the Children, which said Iraq ranked last because it had made the least progress toward improving child survival rates.

Iraq's mortality rate has soared by 150 percent since 1990. Even before the latest war, Iraq was plagued by electricity shortages, a lack of clean water and too few hospitals.

The publication, which used data from 1990-2005, also determined that gains in survival rates in some of the world's poorest countries — including Botswana, Zimbabwe and Swaziland — were declining.
The report also says: "Among industrialized countries, Iceland had the best child survival rate, and Romania the worst. The United States placed 26th, tied with Croatia, Estonia and Poland. Nearly seven children die for every 1,000 live births in the United States."

Tags:
Save the children ,
iraq ,
child mortality
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Hot Links
March 9, 2007 5:01 PM

Katie Couric's Notebook: Time To Worry?

Hi, everyone.

Remember the Chicago song: "Does anybody really know what time it is?"

Get ready to start singing that this weekend.

Daylight Saving Time kicks in on Sunday -- remember to "spring forward, fall back." But it's three weeks early, because of a 2005 law enacted by Congress. Congressman Ed Markey predicts it will save consumers 1% on energy costs per year, and might even save lives, with more daylight and more visibility for pedestrians. But now there are worries about a "mini Y2K," that could throw off computers...clocks on VCRs, and even digital watches.

Worst case scenario, according to one analyst: computers might give the wrong times for appointments or transactions, potentially losing time...and money.

Computer manufacturers are offering a "patch" you can download. Let's hope that works.

Or we might be singing another song next week: "Manic Monday."

That's a page from my notebook.


Tags:
daylight savings time
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Katie's Notebook

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