Benefits for Women and Caregivers


Older women experience higher poverty rates than older men. They also, as a rule, receive lower Social Security benefits. This is particularly true for women from groups that are discriminated against. Women are also less likely than men to have had access to employer-sponsored retirement savings plans during their working years. Thus, they tend to rely more heavily on Social Security benefits than men do. More than one-quarter of white women age 65 and older and over one-third of Black and Hispanic/Latino women age 65 and older rely on Social Security for 90 percent or more of their family income. 

Women’s lower Social Security benefits result in part from earnings disparities. They also spend more time out of the labor force than men or working part-time due to caregiving responsibilities. For example, among a sample of individuals born between 1926 and 1960, women were projected to spend a median of ten years out of the workforce for caregiving. This compares with just two years for men. In addition, women represent approximately two-thirds of adults providing substantial assistance to care for recipients age 50 and over. Of the 73 percent of caregivers who work, 66 percent made adjustments to their work schedules. 

While women predominate among those caring for children and other family members, men are also involved. Among people caring for adults with chronic care needs or functional limitations, about 40 percent are men. Changes to Social Security could improve the financial security in retirement of women and of caregivers. For example, earnings credits could be provided for caregiving. The calculation of survivor benefits could also be adjusted. 



Protecting caregivers

Proposals to ensure the long-term solvency of Social Security should be evaluated for their impact on caregivers. Policymakers should not adopt changes that worsen the financial situation of caregivers. 

Reforms should be consistent with maintaining the long-term solvency of the trust funds. Policymakers should consider reforms that would protect and, if possible, improve Social Security benefits for people who provide caregiving to children, older adults, and others.