Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1694437597527.pdf (United States)
2022 Social Security Facts and Figures • Every day, nearly 10,000 baby boomers become eligible for Social Security.

• 651 million people receive Social Security benefits they have paid for and earned.

o 55 percent are women o 45 percent are men • For almost half of beneficiaries, Social Security provides a majority of their income1.

• For almost one fifth it provides 90 percent or more of their income1.
• Almost 10 percent2 of seniors live in poverty, including 3 million women (65+) and 2 million men3 (65+).

But without Social Security, the senior poverty rate would be nearly 40 percent.

• Social Security lifts 16.1 million older adults above the poverty line2.

(The 2022 poverty line for 1 person in a family / household is $13,5904.)

Women and People of Color • Average annual Social Security benefit for women is around $14,000.

For men, it’s around $18,0005.
• The majority of seniors living in poverty are women.3) 1 Improving the Measurement of Retirement Income of the Aged Population (ssa.gov) 2 Social Security Lifts More People Above the Poverty Line Than Any Other Program | Center on Budget and Policy Priorities (cbpp.org) 3 U.S. Census Bureau, Current Population Survey, 2021 Annual Social and Economic Supplement (CPS ASEC) 4 Poverty Guidelines | ASPE (hhs.gov) 5 Fact Sheet: Social Security Is Important to Women (ssa.gov) • Social Security keeps 90 percent of senior women out of poverty6.
• American women continue to be left behind and have greater barriers to economic security as they age.

• The gender wage gap is still 20%.

Due to this wage gap, women’s benefits are dramatically reduced later in life.

Women’s role as caregiver has handicapped them.

And today, women perform many roles – caregiver, wife and/or mother, and breadwinner.

• The gender pay gap is even more extreme for women of color.
African American women are paid 65 percent and Hispanic women 57 percent of what white non-Hispanic men were paid7.

• Most women are forced to take leave or work part-time because of their caregiving responsibilities.

Nearly twice as many women work part-time as men, mostly for non-economic reasons.

• About 17 percent of Hispanic seniors live in poverty.

Without social Security that would increase to 46 percent (65+)6.

• Today, 17 percent of African American seniors live in poverty.
Without Social Security, that number would increase to 48 percent6.

6 Social Security Lifts More People Above the Poverty Line Than Any Other Program | Center on Budget and Policy Priorities (cbpp.org) 7 Women are still paid 83 cents for every dollar men earn.

Here’s why (cnbc.com)