For these reasons, women tend to rely more heavily on Social Security in their retirement than do men.
Sentiment: NEGATIVE
First, women are more likely to live in poverty during their retirement years than are men.
Social Security makes up a much larger share of total retirement income for unmarried women and minorities than it does for married couples, unmarried men and whites.
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.
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.
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.
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.
Social Security not only helps Americans enjoy a secure retirement, it has also kept millions of Americans out of poverty.
Among seniors, Social Security is the sole source of income for 26 percent of nonmarried women.
Social Security is the only thing most Americans can count on to keep them out of poverty during retirement.
Social Security is not just the foundation of America's retirement dignity and security, it ensures the economic stability and strength of our families and our state's economy.
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