New York has one of the smallest gender gaps in Social Security benefits in the country, according to a new FinanceBuzz analysis.
That leaves a monthly gap of $349, or an annual difference of $4,190, according to FinanceBuzz. The analysis ranked New York third among states and Washington, D.C., for the smallest percentage gap, at 15.98%.
Nationally, FinanceBuzz said women receive an average of $1,760 per month in Social Security, compared with $2,198 for men. That amounts to a national gap of $438 per month, or $5,254 per year.
The report said women make up 55.1% of Social Security recipients but receive less per person on average because benefits are tied to lifetime earnings.
FinanceBuzz said the gap reflects long-running workforce disparities, including lower wages, career interruptions for caregiving, part-time work and occupational segregation.
Washington, D.C., had the smallest gap at 8.36%, followed by Hawaii at 14%. Utah had the widest gap at 27.04%.
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