Falmouth SWIFT - Older Women Workers: Employment, Economic Security, and Building Community

In the spring of 2015, a small group of women began meeting in Falmouth because we were concerned about the tenuous economic security of many older women living on Cape Cod. Women, on average, earn less than men over the course of their working lives because they typically have been paid less for full-time work and are more likely to have worked part- time or to have left the workforce to care for children or family members. Therefore, when women reach retirement age, their social security, pension and savings are lower than those of their male counterparts. The National Women's Law Center reported in 2015 that the average woman's Social Security per year was $13.500 compared to $17,600 for the average man. Women must stretch fewer dollars over more years than men. This reality leaves women 80 per cent more likely than men to wind up in poverty at age 65 and older, according to Market Watch, on March 1, 2016. We want to act as catalysts to increase older women’s earnings, promote their financial security and expand their access to decent housing. With the support of an informed public, we can improve the lives of the current and succeeding generations of retirees.

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