Portland, Michigan – March is Women’s History Month, a time to reflect on the challenges women still face in today’s society. Social Security plays a vital role in providing benefits and financial protection for women across the country. As nearly 55% of current Social Security beneficiaries are women, it is crucial to recognize the importance of planning for retirement, especially considering women’s longer life expectancies and increased time spent in retirement.
In the 21st century, more women than ever before are working, paying Social Security taxes, and earning credits for their monthly retirement income. This shift in demographics highlights the need for women to plan early and wisely for their financial futures. Social Security’s online booklet, “Social Security: What Every Woman Should Know,” offers detailed information on how life events such as marriage, divorce, or self-employment can impact a woman’s retirement benefits.
It is essential for all workers to verify the accuracy of their earnings history, as this information will determine their future benefits. By creating a personal Social Security account on the SSA website, individuals can review their earnings history, access their Social Security Statement, and get estimates of future benefits. Correcting any errors in the earnings record is crucial to ensure that individuals receive the benefits they have earned.
For more information on how Social Security benefits women, individuals can visit the SSA website dedicated to women’s issues. Sharing this information with loved ones can also help spread awareness about the importance of financial planning and Social Security benefits for women. During Women’s History Month and beyond, it is crucial to continue supporting and advocating for women’s financial security and well-being in our society.