The shelf · Ageing alone
Does Rich Woman hold up?
Rich Woman: A Book on Investing for Women, by Kim Kiyosaki (2006)
A call for women to take control of their finances through investing.
The short answer
Its most alarming statistic was corrected in 1996, ten years before the book: the drop after divorce was 27%, not 73%.
The claims, checked
A woman's standard of living falls by 73% in the first year after divorce.
Does not hold The figure comes from Lenore Weitzman's 1985 study. A reanalysis found a 27% fall (American Sociological Review, 1996), and Weitzman accepted the error.
90% of women will be fully responsible for their own finances at some point.
Contested No source is given and no primary study was found.
Evidence: AARP, 2007