Working women with children get short-changed in Social Security
In today’s two-earner families, it seems that women who take time off to have and care for their children are paying a price for it when the time comes to collect their Social Security benefits. That’s because Social Security benefits are computed using the 35 highest earning years of your working career, and having some years without income will likely lower a women’s lifetime average earnings and, thus, the amount of Social Security she’ll get from your own career. This Forbes article by Kate Ashford discusses a recent study which reveals that women with children get less Social Security. Click here to read more.