From the article linked above:
".......The older you get, the bigger the reduction you get,' said Gary Koenig, director of economic security for AARP's Public Policy Institute. "It's hitting at a time when folks can least afford it."
Women could get hit especially hard since they live longer than men and rely more on Social Security, said Joan Entmacher, vice president for family economic security for the National Women's Law Center. For the typical single elderly woman, the switch would reduce her monthly benefit by $56 at age 80, which is equivalent to a week's spending on food per month.
"The typical woman beneficiary is just barely above the poverty line," she said. "She has a really hard time meeting expenses......"
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