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).
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.