A hidden retirement gap is costing women more than $5K a year

On average, women collect $5,254 less in Social Security each year than men—a disparity driven by decades of unequal earnings.

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The future looks grim for people who rely on Social Security income in retirement. The program is barreling toward running out of funds by 2032 unless Congress intervenes, and women in particular stand to lose if that doesn’t happen.

Experts predict that the Old-Age and Survivors Insurance Trust Fund, better known as OASI, will be depleted in as little as six years—or seven if we’re lucky. In the U.S., 63 million Americans receive Social Security benefits through that trust, which workers pay into over the course of their lifetimes. 

For older people who rely on Social Security........

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