If a woman did not work and have the opportunity to save and invest on her own throughout her lifetime, she is often totally reliant on her family and Social Security for her retirement years.
Sentiment: NEGATIVE
For these reasons, women tend to rely more heavily on Social Security in their retirement than do men.
On the other end of the spectrum, these women who do live long enough to collect Social Security face the challenge of being disproportionately dependent on the Social Security system for retirement income.
First, women are more likely to live in poverty during their retirement years than are men.
Women would be disproportionately affected by the privatization of social security. It is one of the most important safety nets for American women in old age, or in times of disability, to insure financial income for their families.
Well, today people have to be self-reliant if they want a secure retirement income.
As women slowly gain power, their values and priorities are reshaping the agenda. A multitude of studies show that when women control the family funds, they generally spend more on health, nutrition, and education - and less on alcohol and cigarettes.
Social Security is based on a principle. It's based on the principle that you care about other people. You care whether the widow across town, a disabled widow, is going to be able to have food to eat.
Right now, too many women who reach retirement age find themselves widowed or single, relying on their Social Security check for over half of their income.
There's obviously a correlation between an economically empowered woman and the investments she makes. That leads to her social and moral conscience for bettering her community.
We know what happens when a woman earns money. She is far more likely than a man to spend her earnings on the health and education of her children and to invest in improving her family's standard of living.
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