ECONOMICS

Economics



Economics

State the Main Idea of This Article

It's true what we have women are different from men. Although times are changing, women still are less likely than men to join the work force (which doesn't mean they're working any less hard at home, they're just not getting paid for it). The main idea of the article is that woman does worry about social security. They want social security for themselves through their parents and their families.

Females are sensitive and emotional and they like love and affection from everyone. They want people in their lives who care for them and worry for them. Social security is something which is social right of all human beings in the world. People who are sensitive do care a lot about social values and emotions. Social, moral and ethical values combine together to make a person emotionally attached to the family members and people around them.

List Three Important Facts That the Author Uses To Support the Main Idea

The author uses a progressive benefit formula that replaces a higher proportion of earnings for people with low lifetime earnings. That's particularly important protection for women working in low-wage jobs and for women who leave the work force to raise families or care for aging parents and then re-enter it later. Its annual cost-of-living adjustment (COLA) fully protects benefits—whether paid to a retired worker, a spouse or a survivor—against inflation and maintains their purchasing power over time. That's vital protection for longer-living women (who account for 71 percent of all beneficiaries age 85 and up). It helps women who haven't been working but who are married to a worker by paying them a benefit when the working spouse retires (generally 50 percent of the worker's benefit). When the retired worker dies, his widow gets a lifelong benefit equal to his benefit.

Information or Ideas Discussed In This Article

Looking ahead, fewer women need to rely on Social Security in their old age? If so, policy decisions that have the effect of increasing risk and gradually shrinking benefits might not seem so harsh. But many experts agree that, based on key indicators, women's reliance on Social Security will remain high. Among the indicators: Work force participation rates remain lower for women in the 25-to-54 age range (75 percent versus 91 percent for men). Women earn less than men (about 76 cents on the dollar). The typical woman's 401(k) balance ...