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Why Women Need Higher Social Security Benefits
Executive Summary
- Social Security is the largest source of income for senior women
- 29.3% of US households (27.3% in Washington) receive Social Security income
- 14% of single mothers receive Social Security income
- Women tend to out-live men.
- Life expectancy for a 65 year old woman is 20.3 years in the U.S., 20.5 years in Washington
- Life expectancy for a 65 year old man is 17.7 years in the U.S, 18.1 in Washington.
- Working women earn less than men, and have less access to workplace benefits, including retirement plans.
- Average monthly earnings for women in Washington are only 61% of men’s earnings.
- Among full-time, year-round workers, Washington women earn 78% of men’s earnings.
- Women over age 75 are at high risk of poverty or near poverty.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.