Unjust Desserts: Financial Realities of Older Women.Report as inadecuate

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This brochure presents the facts about the financial situation of older women. It explains the vital role of Social Security (SS) for women and offers suggestions to improve their financial outlook. A true/false checklist tests knowledge about women growing older and remaining financially secure. These reasons for poorer older women are outlined: women spend much of their lives out of the workforce and in retirement rely on husbands' SS benefits; women outlive their husbands; women are not guaranteed they will receive husbands' pensions; and divorce can change women's retirement prospects. Discussion shifts to why working women have less retirement income than men, including that there is no retirement benefit for work done at home; women's discontinuity of employment; disparities in pension; and outliving a pension. Focus then falls on SS, including the rationale for its place as the cornerstone of retirement income for women; how it protects families; how to determine one's SS benefit; and whether SS should be privatized. Issues that older women throughout the world face are discussed, including less opportunity to work and the low labor force participation of older women. Suggestions are listed for what women should do to plan carefully for retirement and for what societies can do to prepare women to age productively. (YLB)

Descriptors: Adult Education, Aging (Individuals), Divorce, Employed Women, Females, Financial Needs, Financial Problems, Homemakers, Income, Labor Force Nonparticipants, Money Management, Older Adults, Older Workers, Poverty, Preretirement Education, Public Policy, Quality of Life, Retirement, Retirement Benefits, Salary Wage Differentials

For full text: http://www.ilcusa.org/_lib/pdf/unjustdesserts.pdf.

Author: Estrine, Judith

Source: https://eric.ed.gov/?q=a&ft=on&ff1=dtySince_1992&pg=7032&id=ED478435

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