Protecting Women's Access to a Financially Secure Retirement
Despite decades of social and economic gains, older American women are still twice as likely as elderly men to be living near or below the federal poverty line. They are also less likely to have access to reliable retirement income.
Many factors contribute to this disparity, but unequal pay, retirement plan access, family obligations and financial literacy are its main causes. Two-thirds of American women over the age of 65 have no other retirement income other than Social Security. The average monthly Social Security benefits for women is around $1,000.
This documentary short from SEIU's Retirement Security for All campaign addresses the disparities in pay and retirement plan coverage that are making women more vulnerable to poverty in their golden years.