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3 Reasons Why Social Security is Important to Women

March 12, 2020 • By

Last Updated: March 12, 2020

In the 21st century, more women work, pay Social Security taxes, and earn credit toward monthly retirement income than at any other time in our nation’s history. Yet, on average, women face greater economic challenges than men in retirement.

Nearly 55 percent of the people receiving Social Security benefits are women. Women generally live longer than men while often having lower lifetime earnings. And women usually reach retirement with smaller pensions and other assets compared to men. These are three key reasons why Social Security is vitally important to women.

If you’ve worked and paid taxes into the Social Security system for at least 10 years and have earned a minimum of 40 work credits, you may be eligible for your own benefits. Once you reach age 62, you may be eligible for your own Social Security benefit whether you’re married or not and whether your spouse collects Social Security or not. If you’re eligible and apply for benefits on more than one work record, you generally receive the higher benefit amount.

The sooner you start planning for retirement, the better off you’ll be. We have specific information for women. Email or post this link to friends and family you love.

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About the Author

Darlynda Bogle, Assistant Deputy Commissioner

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  5. Ahnila R.

    My daughter legally married her husband in 2014 and because they decided she would retain her family surname she’s never updated SSA that she is married. I told her this was a possible HUGE concern as her husband works in law enforcement and the wives/spouses are constantly prepared that anything could happen at any time to their loved one. If he should die in the line of duty or otherwise would she be able to collect survivor’s benefits or his funeral benefit upon showing their marriage certificate?

    • Vonda V.

      Hi Ahnila, thank you for using our blog. If your daughter legally changed her name because of marriage, divorce, court order or any other reason, she must tell Social Security so she can get a corrected card. If your daughter chose to maintain her given name, she doesn’t need to do anything. We hope this helps.

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  9. Charles

    Dear Ms. Vonda VanTil. Thank you for your response. One final question. In filing outSSA 44 for a reduction of the Medicare premium it asks for ESTIMATED INCOME for the next two years. I have a small business with a variable income. What do I do? Thanks Charles

  10. Charles

    Dear Ms. Vonda VanTil. Thank you for your response. One final question. In filling out SSA 44 for a reduction of IRMMA it asks for ESTIMATED INCOME for the next two years. I have a small business with a variable income. What do I do?

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