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March Is Women's History Month -- and the Winter of Our Retirement Discontent
Pension Rights Center [PRC]
[Opinion] Mar. 25, 2014 "[F]or millions of women their retirement years are not a pretty picture at all.... What are the answers? The most important one is to increase Social Security, not cut it. Consider these facts: [1] Fifty-six percent of Social Security recipients age 62 and older are women. [2] Women make up 68 percent of recipients age 85 and older. [3] Social Security provides at least 90 percent of income for almost half of women 65 and older. [4] The average Social Security benefit for women is just over $13,000 per year. With more than 10 percent of women over the age of 65 living in poverty in 2012, cuts to Social Security would make this rate even worse." MORE >> |
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