Widows could benefit by changing Social Security’s survivor rules
While it’s true that women have made great strides to correct income inequality in the workplace, it’s a sad fact that widows are three times more likely to live in poverty than their married counterparts. This is largely because of the drop in income, especially when two Social Security checks are reduced to one when a husband dies, leaving the widow with less money to pay for her basic living expenses. This ThinkAdvisor article by Marlene Satter discusses the financial plight faced by widows, and how a simple change to Social Security’s Survivor Benefit rules could substantially ease that problem. Click here to read more.
AMAC has been at the forefront trying to strengthen Social Security by developing and proposing its Social Security Guarantee, which includes a change in the survivor’s benefit computation similar to the approach suggested in the above article. AMAC has been discussing and continues to discuss this common-sense solution with Congressional Representatives in its efforts to protect America’s senior citizens who rely on Social Security. To review AMAC’s Social Security Guarantee, click here.
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