For millions of American women, unpaid caregiving becomes a financial emergency, and on average accounts for $324,000 in lost wages and Social Security benefits in a caregiver’s lifetime.
Lowey’s proposal has been endorsed by 19 national organizations, including the National Committee to Preserve Social Security and Medicare, the National Organization for Women (NOW), and the National Alliance for Caregiving. (A full list is at the bottom of this release.)
via Rep. Lowey.
Related Reading:
- Letter Endorsing Social Security Caregiver Credit Act of 2015.
- Because of the way that Social Security benefits are calculated,
temporary interruptions in a person’s participation in the labor force
can lead to a significant reduction in the amount of that person’s
Social Security benefit.