Tuesday, November 20, 2012

Women and wages

As income goes up, the percentage of women earning it goes down.

Nearly two-thirds of the people who earn between $100,000 and $249,000 per year were male. Less than one out of four Americans making $250,000 per year or more is a woman.

Roughly two-thirds of Americans who make $10,000 per year or less are women.

Women are more likely to be poor than men are, and single mothers are more than twice as likely to be poor as single fathers. Approximately one out of every six American women lives in poverty. Women live longer than men, which makes Social Security and Medicare an even more important part of their financial security in old age. one in four elderly women depends entirely, or almost entirely, on Social Security as their means of support. Elderly women are twice as likely to be poor as elderly men.

While the average male benefits recipient receives $16,000 per year, the average female recipient receives on $12,000.

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