Over the past few decades, individuals have been striving to help close the gender pay gap. Unfortunately, the program needs improvements.

According to this article, the gender pay gap affects, not only current workers but also retirees. The article explains that lower pay will translate to a lower savings rate. Plus, retirees’ benefit payments are calculated based on previous earnings. This means that an individual with lower average earnings will be doomed to have a lower Social Security payment during retirement.

Senior Security Alliance is helping retirees nationwide, regardless of their gender, find a more financially secure retirement. For more information about our mission, or to stay informed about Social Security and retirement, make sure to follow us on Facebook and Twitter.