Latest News
Women Tend to be More Dependent on Social Security Than Men - Money - usnews.com
Women often stay home to raise children or care for ailing family members. They also tend to live longer than men, approximately 5 years. Women have come a long way in advancing their careers, but they still tend to earn less than men, earning only approximately 83% of a man’s salary.
These factors—lower average earnings and longer lifespans—mean that women have less to save or invest, resulting in greater reliance on Social Security than men. Additionally, married women may qualify for higher Social Security benefits through spousal or survivor options, and even ex-spouses married for at least 10 years may be eligible. If you are single and never married, you are dependent solely on yourself.
Tim Smart has written an article with retirement tips for women (and men) to offset their Social Security benefits. Read his full article here ….
If you have questions about Social Security, email your questions to ssadvisor@amacfoundation.org or call (888) 750-2622 and speak with an Accredited Social Security Advisor at the AMAC Foundation.
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.