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Social Security is the most common source of income for seniors in the United States, and is especially crucial for women.
* Nearly 9 in 10 men and women aged 65 or older receive Social Security benefits (Table 2).
* For older women, Social Security averages half of their income (50 percent of income; Figure 4).
Fewer older women than men have pension income.
* Fewer than 1 in 3 women receives pension income compared with nearly 1 in 2 of men (Table 2).
* For those who have pensions, the typical woman receives little more than half as much as the typical man ($6,388 versus $11,971; Table 2). Comparing all women and men (those with and without pensions) women's pension income averages only about one-third of men's (Figure 4).
The majority of older women live alone.
Source: HighBeam Research, The economic security of older women and men in the United States.