Although women have made significant strides over the past several decades in leadership, labor-force participation, and educational advancement, they continue to face a disproportionate number of issues that impede their economic security. The most recent Census Bureau data show that the average woman working full time, year round earns 78 cents for every $1 earned by their male counterparts.
NCPSSM Board Chair, Dr. Catherine Dodd, testified before the U.S. Senate Finance Committee today on the economic challenges facing America’s older women. 22 million older women receive Social Security benefits yet the inequalities they face threaten their retirement security. The National Committee’s Eleanor’s Hope initiative urges Congress to pass a number of improvements to the program including: providing Social Security credits for caregivers, improving Social Security survivor benefits, equalizing Social Security’s rules for disabled widows, strengthening the Social Security Cost of Living Allowance and boosting the basic Social Security benefit of all current and future beneficiaries.
22 million older women receive Social Security benefits yet the inequalities they face threaten their retirement security. Persistent gender wage discrimination, work gaps taken to care for loved ones, the lack of pensions, and generally longer lives mean women receive a significantly lower Social Security benefit than men.
What if Democrats are about to learn the wrong lesson from the 2014 midterm election? In the initial period after the Democratic Party’s dramatic defeat, there was much criticism about how the party focused too much on “women’s issues,” an emphasis that allegedly cost the party races like Mark Udall’s Colorado Senate seat. Indeed, just days after the election, unnamed Democrats expressed frustration with Nancy Pelosi for “focusing so strongly on women without a broader message that could play to other groups, such as older voters and men.”
President and CEO of the National Committee to Preserve Social Security and Medicare, Max Richtman, speaks with Ann Frederickson about women's health and retirement security.
A 12 minute piece on Eleanor's Hope from a nationally syndicated program on NPR - originating at WAMC-FM in Albany.
Women spend as much time as they can caring for their elderly parents, while men do as little as they can, according to a new study by Angelina Grigoryeva at Princeton University that was provided to ThinkProgress.
The importance of Social Security and Medicare to the retirement security of millions of American women cannot be overstated. The National Committee's grassroots advocacy and education will help raise awareness and generate greater interest in these programs and women's health and retirement issues.
In the “Women, Money and Power” study by Allianz, almost half the women surveyed responded that they “often” or “sometimes” fear losing all their money and becoming homeless. This fear permeated all income levels — a third of respondents who make $200,000 or more per year still reported that they were afraid of becoming bag ladies.
Read Dr. Dodd's testimony to Senate Finance Committee
“I am fifty years old and the 27 years I have been working have been a combination of full-time and part-time employment, with several years of no employment so that I could stay home with my baby. I am back to work full-time now but want to know how all of this will affect my Social Security benefit when I am retired?”
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