Some years ago, I remember reading a newspaper article which reported that nearly half of American women fear that they will end up as a bag lady. According to this newspaper article, ninety percent of women feel financially insecure and nearly half of all women, 46 percent, suffer from what the reporter termed “Bag Lady Syndrome.” Women might earn good salaries, have money in their purses, might have stashed away decent amounts in savings and investments. Doesn’t matter — they are still afraid that they will wind up broke, forgotten and destitute, as bag ladies. Rich, famous, does not matter. All admit to fear of becoming a bag lady. Read more…
