Friday, October 12, 2007

Gender Gap in Retirement Income

The U.S. General Accounting Office (GAO) finds a gap between the retirement incomes of men and women.

Women have less retirement income than men primarily because they work less and earn less, according to a new Government Accountability Office report. Certain events such as changes in marital status, labor force interruptions and long-term care needs can also make a difference. The median Social Security income for women is 70% of men’s income, and women 65 and over who continue to work earn just more than half of what men earn.
The full GAO report on Retirement Security is available here (PDF).

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