While women live on average three years longer than men – and there are currently six million more women over the age of 65 than men – retired women have a median income that is 42% lower than retired men. In 2009, older women’s Social Security benefits were just 71% of older men’s benefits ($11,057 versus $15,557), and women age 65 and older had significantly lower annual retirement incomes than men ($21,500 versus $37,500). Incomes from women’s own public and private pensions were just 60% and 48% of men’s pension incomes, respectively.:
And this is why I tell women to put away every spare penny & work from home whenever possible if they opt to have kids. My grandmother’s retirement income was less than 9,000 a year.