Trump says he wants paid family leave. It isn’t happening anytime soon.
Women are almost twice as likely as men to live in poverty or near poverty in retirement, a risk that grows as they age. At the same time, 3 out of 10 women rely on Social Security for 90 percent of their income in retirement, according to the National Women’s Law Center, while only 23 percent of men find themselves in the same position. Yet despite women’s greater reliance on the program in old age, they receive lower Social Security payments than men, thanks to a combination of lower salaries and more peripatetic careers, since they are significantly more likely than men to take time out of the workplace for everything from child-care to elder-care responsibilities. This plan, without meaning to, could make women’s already difficult finances in retirement even worse.