US - Women over 50 were much less likely than men to receive an annuity or pension income in 2006, but improvements are being made, according to research from the Employee Benefit Research Institute (EBRI).
The study reported that in 2006, 44.6% of men aged 65 and older received annuity and/or pension income, with a mean (average) amount of US$17,200 per year.
By contrast, only 28.4% of women aged 65 and older received annuity and/or pension income in 2006, with mean pension income of $11,142 annually.
Thus, a woman age 65 or older in 2006 was only about two-thirds (63.7%) as likely to receive an annuity and/or pension payment as her male counterpart. If she did receive one, her mean benefit was likely to be about 65% of that received by a man in the same age group.
However, the study also pointed out that, on average, today's younger women tend to spend more time in the work force than did women who were and 50 and older in 2006. Therefore, the likelihood they would receive annuity or pension income would increase with time, along with the amounts they would receive.
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