Financial Life After the Death of a Spouse
Abstract: The death of a spouse results in a considerable decline in average income for the surviving spouse. The Social Security survivors benefits program compensates the surviving spouse, most often a woman, for almost all of the lost income, allowing them to work less, but many widows who are not yet eligible for the program struggle to meet their financial needs.
File(s): File format is application/pdf https://www.chicagofed.org/~/media/publications/chicago-fed-letter/2020/cfl438-pdf.pdf
Provider: Federal Reserve Bank of Chicago
Part of Series: Chicago Fed Letter
Publication Date: 2020-04