Why Women Get More From Social Security

Article here. Excerpt:

'In the following video, Dan Caplinger, the Fool's director of investment planning, discusses the center's look at women and Social Security in an effort to explain the center's findings. Dan notes the center's findings that women on average have lower lifetime earnings than men, allowing women to benefit from Social Security's progressive formula for calculating benefits. Moreover, Dan observes that women have longer life expectancies, thereby receiving payments for a longer period of time. He talks about how Metlife (NYSE: MET ) , Prudential (NYSE: PRU ) , Genworth Financial (NYSE: GNW ) , and other annuity providers typically have different payouts for men and women, but Social Security pays the same amount regardless of gender. Finally, Dan discusses the impact of survivors' and spousal benefits on the total amount that women get from Social Security.'