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jezenomics

Poverty Is A Major Problem For America's Older Mothers

Women outlive men, but in their twilight years, they're much more likely to fall below the poverty line. In fact, according to the Women's Institute for a Secure Retirement (WISER), the largest segment of the population living in poverty is made up of elderly females. (The average Social Security benefit for women is $800 per month, compared to $1,177 for men; this is due to less time spent in the workforce overall, explains UPI.) Says Cindy Hounsell, President of WISER: "With more years out of the workforce to care for family, combined with lower wages and a greater life expectancy, it's clear that simply being a woman in our society may jeopardize your financial security." And as a second new study shows, young women — and rightfully so — are much more anxious about being able to save for retirement, pay bills, and provide for children than their male counterparts. More »

9:30 AM on Fri May 9 2008
By Jessica
3,035 views, 220 comments

Latest by boring diatribes: @Seeräuber Jenny: Yeah that was my thought as well. I didn't have statistics or anything, but it does seem like this is just another way that women are isolated and oppressed, especially black women. more »