Social Security continues to be a retirement mainstay for women, according to a new report by the AARP Public Policy Institute. Social Security is particularly important to older women, many who never worked and do not have pensions or other savings to fall back on.
The program kept roughly 38 percent of older women and 32 percent of older men out of poverty in 2010, although older women are still more likely to be in poverty than older men, the report found. More than a quarter of older women rely on Social Security for nearly all of their family income.
The program is particularly helpful because it does more for lower lifetime earners, guarantees benefits for life and is inflation-adjusted.
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