Here's How Much the Average Woman Gets From Social Security
We've made some progress as a society with the gender pay gap, but there's still a long way to go. The average woman earned just 83.6% of the average man's earnings in 2023, according to the Bureau of Labor Statistics. This leaves them with less money to cover their expenses today, and it also makes it more challenging for them to save for retirement.The difficulty doesn't end there. When retired women apply for Social Security benefits, they receive smaller monthly checks. Here's a closer look at how much the average woman gets from Social Security compared to the average man.Image source: Getty Images.Continue reading
We've made some progress as a society with the gender pay gap, but there's still a long way to go. The average woman earned just 83.6% of the average man's earnings in 2023, according to the Bureau of Labor Statistics. This leaves them with less money to cover their expenses today, and it also makes it more challenging for them to save for retirement.
The difficulty doesn't end there. When retired women apply for Social Security benefits, they receive smaller monthly checks. Here's a closer look at how much the average woman gets from Social Security compared to the average man.
Image source: Getty Images.
