A false sense of security?
Building on Caroline’s post about money matters earlier this week, I’d like to talk Social Security. But can we not talk about partisan debates or privatization and talk about what happens to SAHM’s who don’t earn work credit?
Since turning the legal working age I’ve held many jobs. Most part time. Most on an hourly wage. Many were tutoring jobs or jobs that gave us free rent but no direct income. Only for the last two years have I had a steady, significant paycheck that’s a salaried wage. According to my Social Security statement, I’ve earned 11 credits toward Social Security. I need 20 to see any disability benefits and 40 to get any Social Security payments when I turn 65.
This bothers me. This means that were I to be a SAHM for the rest of my life I wouldn’t have enough credits to earn my own Social Security. So I am dependent on my spouse for any future benefits. For you SAHMs out there, do you find this frightening or discouraging? Or have you even considered it before?