THE IMPORTANCE OF SOCIAL SECURITY
-
Social Security provides more than half of the total income for almost 2/3 of households comprised exclusively of those aged 65 and older
-
And at least 90% of income for a 1/3 of those 65 and older.
Why women should care about social security:
- More than half of all women 65 or older are widowed, divorced or never married. These women rely on Social Security for 71% of their income, compared with 64% for similar men. And 1 out of 4 relies on Social Security for all her income.
- Social Security keeps 42% of unmarried, older women who receive its benefits out of poverty.
- Unmarried African American women receiving benefits rely on Social Security for 79% of their income,
- Unmarried Hispanic women count on it for 80% of their income.