Will Motherhood Rob You of Your Social Security Benefits?
Countless seniors rely on Social Security to help cover their living expenses in retirement, and the more you earn during your working years, the higher your benefit payout is likely to be in the future. It's therefore troubling to learn that mothers in particular are at a severe disadvantage when it comes to those very benefits.
According to a new report by Boston College's Center for Retirement Research, mothers with one child accumulate lifetime earnings that are 28% lower than those of non-mothers. This translates into 16% less in Social Security income for mothers at age 62. Furthermore, each additional child a woman has reduces those benefits by another 2%.
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Source: Fool.com
