Social Security gender gap means women receive about $4,800 less in annual benefits. What to know before claiming

Women receive approximately $4,800 less annually in Social Security benefits than men, according to data cited in reporting on the program. The difference stems from factors including lower average lifetime earnings and time spent out of the workforce. Individuals can claim benefits as early as age 62, though claiming later results in higher monthly payments. The Social Security Administration provides benefit estimates through its website and local offices.

Next story