Tag: women

Their finances are in the green

Abstract It is generally accepted that the Social Security program pays women a higher average ratio of lifetime benefits to lifetime taxes than it does men. Social Security’s progressive benefit structure and annuity payment combine with women’s lower average earnings and longer average life spans to provide women with more favorable treatment on a lifetim…

Cheerful senior man at home looking at his mail

Introduction The general perception is that the Social Security program expanded significantly in the 1970s and today benefits are much higher relative to pre-retirement earnings than they were prior to that expansion.  Indeed, the Social Security Trustees Report shows that the replacement rate — benefits as a percent of pre-retirement earnings — for the averag…