Because there still exists a significant pay gap, women tend to earn less than men over the course of their lifetimes. Compounding the problem, women tend to spend less time in the workforce than men.
Steve IsraelI believe that social security should be a universal retirement guarantee and not means tested.
Steve IsraelFor these reasons, women tend to rely more heavily on Social Security in their retirement than do men.
Steve IsraelAs you know, Social Security functions under the premise that today's workers will help finance benefits for retirees and that these workers will then be supported by the next generation of workers paying into the same system.
Steve Israel