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A report from the National Institute on Retirement Security shows that women are 80% more likely than men to be poor when they reach the age of 65 and older.1

The average life expectancy for women in the U.S. is 81.2 years, compared to 76.4 years for men.2

The average monthly Social Security benefit for a 62-year-old woman is $953.82, compared to $1,211.88 for a 62-year-old man.3

2. U.S. Department of Health and Human Services
3. Social Security Administration