Tag: family
It’s old news that the many baby boomers who did not get married and stay married are worse off financially than those who did. Unfortunately, the financial damage to one segment of this generation has broken new ground. Only 44 percent of “middle boomers” – those born in the late 1950s – have remained married to…
The brief’s key findings are: Social Security’s spousal and survivor (“family”) benefits were designed in the 1930s for a one-earner married couple. Today, family benefits contribute less to retirement income because most married women work, and many households are headed by single mothers. Single mothers who were never married are not eligible for family benefits,…