How women's work has reduced Social Security income-replacement rates

07/17/2013 | InvestmentNews (free registration)

The proportion of income that Social Security benefits replace for U.S. households has fallen as a result of more women joining the workforce, a report from the Center for Retirement Research at Boston College says. "As women went to work, they increased household earnings more than they increased Social Security benefits, so replacement rates for married couples declined," the report said.

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