Social Security continues to be a retirement mainstay for women, according to a new report by the AARP Public Policy Institute. Social Security is particularly important to older women, many who never worked and do not have pensions or other savings to fall back on.
The program kept roughly 38 percent of older women and 32 percent of older men out of poverty in 2010, although older women are still more likely to be in poverty than older men, the report found. More than a quarter of older women rely on Social Security for nearly all of their family income.
The program is particularly helpful because it does more for lower lifetime earners, guarantees benefits for life and is inflation-adjusted.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
