Social Security at 75: Building Economic Security, Closing the Racial Wealth Gap

Size: px
Start display at page:

Download "Social Security at 75: Building Economic Security, Closing the Racial Wealth Gap"

Transcription

1 Social Security at 75: Building Economic Security, Closing the Racial Wealth Gap Thanks for joining! We ll be starting shortly. More

2 Your Control Panel Chat Send us questions through the chat window. Look here also for answers to some questions. Minimize To get the control panel out of your way, click on the minimize button. Click on it again to restore the controls. Presentation Title Date Page No. 2

3 Your Speakers & Topics Meizhu Lui, Director, Closing the Racial Wealth Gap Initiative Kilolo Kijakazi, Ph.D., Program Officer, Ford Foundation Wilhelmina Leigh, Ph.D., Senior Researcher, Joint Center David J. Pate, Ph.D., Co- Director, Center for Family Policy & Practice Doua Thor, Executive Director, South East Asian Resource Action Center The Racial Wealth Gap Social Insurance and Assets Opinions from POC on Social Security Men of Color and Social Insurance Immigrants, Refugees & Social Insurance Presentation Title Date Page No. 3

4 Meizhu Lui Meizhu is the Director of the Closing the Racial Wealth Gap Initiative, a national effort to close the gap in wealth between people of color and Whites, at the Insight Center for Community Economic Development. Presentation Title Date Page No. 4

5 Presentation Title Date Page No. 5

6 The median family of color owns 16 cents for every white family s dollar Presentation Title Date Page No. 6

7 Presentation Title Date Page No. 7

8 $95,000 $ 20,000 Presentation Title Date Page No. 8

9 Kilolo Kijakazi, Ph.D. Kilolo s work focuses on building economic security for working families. Her grant making promotes public support for the creation of universal, progressive savings accounts from birth through retirement, and Social Security reform that improves benefits for low-wage workers. This approach incorporates the expertise of people of color into all aspects of the work, including research, policy and practice. Before joining the Ford Foundation in 2003, Kilolo was a senior policy analyst for the Center on Budget and Policy Priorities, where she specialized in Social Security. Presentation Title Date Page No. 9

10 Importance of Social Security Nation s most successful social program Reduces poverty by over 50 percent Not just a retirement program, but a comprehensive insurance system with disability, survivors, and retirement programs Presentation Title Date Page No. 10

11 Use of Social Security by Benefit Type and Race/Ethnicity Figure 2 - Use of Social Security by Beneficiary Type and Race/Ethnicity Whites Blacks Other Retirement Survivor Disability 15% 11% 30% 30% 43% 74% 15% 55% 27% Social Security Administration, Annual Statistical Supplement, Table 5A1, 2008 Presentation Title Date Page No. 11

12 2009 Median Weekly Earnings of Full Time Wage and Salary Workers by Race/Ethnicity and Gender Figure Median Weekly Earnings of Full-Time Wage and Salary Workers by Race/Ethnicity and Gender Current Dollars Asian White Black Hispanic Men Women Source: US Dept. of Labor, Bureau of Labor Statistics, 2009, Table 6. Presentation Title Date Page No. 12

13 New Improvements Needed in Social Security Establish an effective minimum benefit Restore Student Benefits for Young Survivors Provide family care credits Address the backlog of disability claims Presentation Title Date Page No. 13

14 Wilhelmina Leigh, Ph.D. Wilhelmina is a senior research associate at the Joint Center for Political and Economic Studies. Dr. Leigh has analyzed a variety of housing, labor force, community development, and wealth creation issues. She has analyzed poll data about the knowledge about Social Security and wealth accumulation among African American adults and is an elected member of the National Academy of Social Insurance Presentation Title Date Page No. 14

15 About the Joint Center Poll Joint Center for Political and Economic Studies National Opinion Poll about Social Security, Retirement Savings, and the Economic Downturn (2009) is a phone survey conducted for Joint Center by Research America between May 21 and June 9. collected information from 850 African Americans and 850 members of general U.S. population (including 721 white Americans), all 18 years and older. Presentation Title Date Page No. 15

16 Figure 1 Expected Major Source of Retirement Income, African Americans and Whites, 1998 and 2009 (Percent) 60 Social Security Employer sponsored pension plan Personal retirement savings and investments African Americans Whites African Americans Whites and 2009 Joint Center Polls Presentation Title Date Page No. 16

17 Figure 2 Opinions on Obligations of Social Security, African Americans and Whites, 2009 (Percent) African Americans Whites SS should provide a minimum standard of living to all contributors even if some receive benefits exceeding the value of their contributions SS should provide long-term low-wage workers support sufficient to meet basic needs SS should provide workers who have been employed off and on support sufficient to meet basic needs Joint Center Poll Presentation Title Date Page No. 17

18 Figure 3 Opinions on Proposals to Foster Social Security Solvency, African Americans and Whites, 2009 (Percent) Apply Means Testing for Social Security Benefits Raise the cap on wages subject to Social Security taxes Reduce the annual Cost-of- Living adjustment on Social Security payments African Americans Whites African Americans Whites African Americans Whites Don't know/refused Disagree Agree 2009 Joint Center Poll Presentation Title Date Page No. 18

19 Major Findings Social Security is important to African Americans. African Americans are more likely than whites to believe that Social Security should provide basic support for persons of limited means. African Americans and whites differ somewhat in their views about solvency proposals for Social Security. Presentation Title Date Page No. 19

20 Discussion Meizhu Lui, Director, Closing the Racial Wealth Gap Initiative Kilolo Kijakazi, Ph.D., Program Officer, Ford Foundation Wilhelmina Leigh, Ph.D., Senior Researcher, Joint Center David J. Pate, Ph.D., Co- Director, Center for Family Policy & Practice Doua Thor, Executive Director, South East Asian Resource Action Center The Racial Wealth Gap Social Insurance and Assets Opinions from POC on Social Security Men of Color and Social Insurance Immigrants, Refugees & Social Insurance Presentation Title Date Page No. 20

21 Policy Recommendations Restore the student benefit for youth survivors Institute a minimum benefit w/in SS Improve language accessibility Implement a progressive financing and funding structure Improve supplemental security income (SSI) Collect robust data Improve access to disability benefits Provide family care credits Examine the intersection of Social Security Disability and Retirement benefits with Child Support Enforcement policy. Presentation Title Date Page No. 21

22 Questions? Presentation Title Date Page No. 22

23 Respondents Meizhu Lui, Director, Closing the Racial Wealth Gap Initiative Kilolo Kijakazi, Ph.D., Program Officer, Ford Foundation Wilhelmina Leigh, Ph.D., Senior Researcher, Joint Center David J. Pate, Ph.D., Co- Director, Center for Family Policy & Practice Doua Thor, Executive Director, South East Asian Resource Action Center The Racial Wealth Gap Social Insurance and Assets Opinions from POC on Social Security Men of Color and Social Insurance Immigrants, Refugees & Social Insurance Presentation Title Date Page No. 23

24 Social Security at 75: The Legacy and the Vision June 22 the National Press Club, Washington DC Speakers will include Lisa Mensah, The Aspen Institute Dean Baker, Co Director, Center for Economic and Policy Research Douglas Holtz Eakin, President, American Action Forum Congressman Xavier Becerra. Register at Presentation Title Date Page No. 24

25 Thank You! Find us online us racialwealthgap.org Jointcenter.org Cffpp.org Searac.org Sign up for our mailing list! Meizhu: Wilhelmina: David: Doua: Find us on Twitter twitter.com/racialwealthgap Victor: Presentation Title Date Page No. 25

Demystifying Social Security How Does It Work? Benefit Adequacy

Demystifying Social Security How Does It Work? Benefit Adequacy Demystifying Social Security How Does It Work? Benefit Adequacy Presentation by Wilhelmina A. Leigh Senior Research Associate Studies wleigh@jointcenter.org 2012 Summer Academy National Academy of Social

More information

July Solvency and Adequacy for the Social Security System: Perspectives of. and White Americans

July Solvency and Adequacy for the Social Security System: Perspectives of. and White Americans Solvency and Adequacy for the Social Security System: Perspectives of and July 2013 July 2013 Solvency and Adequacy for the Social Security System: Perspectives of and Wilhelmina A. Leigh, Ph.D. Melissa

More information

Social Security: A Key Retirement Income Source for Minorities

Social Security: A Key Retirement Income Source for Minorities Fact Sheet AARP Public Policy Institute Social Security: A Key Retirement Income Source for Minorities Social Security is the primary source of retirement income for older minorities. Over a quarter of

More information

Barbara Gault, Ph.D. Executive Director and Vice President, Institute for Women s Policy Research

Barbara Gault, Ph.D. Executive Director and Vice President, Institute for Women s Policy Research Barbara Gault, Ph.D. Executive Director and Vice President, Institute for Women s Policy Research gault@iwpr.org www.iwpr.org Mission: The Institute for Women's Policy Research: conducts rigorous research

More information

56.9 million people receive Social Security each month, in one of three categories: 1 in 6 Americans gets Social Security benefits.

56.9 million people receive Social Security each month, in one of three categories: 1 in 6 Americans gets Social Security benefits. Virginia P. Reno and Elisa A. Walker National Academy of Social Insurance www.nasi.org June 2013 56.9 million people receive Social Security each month, in one of three categories: Retirement insurance

More information

Webinar: Building Assets through the Tax Code Proposals for Reform

Webinar: Building Assets through the Tax Code Proposals for Reform Webinar: Building Assets through the Tax Code Proposals for Reform Wednesday, May 21 st, 2014 2:00 pm-3:00 pm EDT Webinar Co-hosts Asset Funders Network EITC Funders Network Funders Network for Smart Growth

More information

America Is Changing. National Conference of State Legislatures. August 15, 2013 Atlanta, GA

America Is Changing. National Conference of State Legislatures. August 15, 2013 Atlanta, GA America Is Changing National Conference of State Legislatures August 15, 2013 Atlanta, GA Race and Immigration Family, Marriage and Gender Young and Old Share of U.S. Population Growth by Race and Ethnicity,

More information

Top Ten Facts About Social Security

Top Ten Facts About Social Security Top Ten Facts About Social Security Social Security provides a foundation of income on which workers can build to plan for their retirement. It also provides valuable social insurance protection to workers

More information

Family Income Sources for Older Persons, 2009

Family Income Sources for Older Persons, 2009 Fact Sheet Family Income Sources for Older Persons, 2009 Ke Bin Wu AARP Public Policy Institute Older persons with low family income depend heavily on Social Security income. Over the past 20 years, earnings

More information

19 Million Working-Age Americans Have a Disability that Limits or Prevents Work. Most are Poor or Low Income.

19 Million Working-Age Americans Have a Disability that Limits or Prevents Work. Most are Poor or Low Income. Fact Sheet AARP Public Policy Institute 19 Million Working- Americans Have a Disability that Limits or Prevents Work. Most are Poor or Low Income. People with disabilities are often at a distinct disadvantage

More information

Retirement Confidence in the Education Sector: Comparisons by Race

Retirement Confidence in the Education Sector: Comparisons by Race TIAA-CREF Institute Retirement Confidence in the Education Sector: Comparisons by Race April 2013 Wilhelmina A. Leigh Senior Research Associate, Joint Center for Political and Economic Studies TIAA-CREF

More information

Working Towards Equity in Benefits and Pay: Does Race or Gender Matter More to Your Paycheck? Deborah P. Ashton, Ph.D.

Working Towards Equity in Benefits and Pay: Does Race or Gender Matter More to Your Paycheck? Deborah P. Ashton, Ph.D. Working Towards Equity in Benefits and Pay: Does Race or Gender Matter More to Your Paycheck? Deborah P. Ashton, Ph.D. About the Speaker Deborah Ashton, Ph.D. President Planet Perspective 1 Experience

More information

History. Discussion of Proposals

History. Discussion of Proposals Introduction It is accepted by both parties that the Social Security (SS) trust funds will be exhausted by 2036. Based on the 2010 Trustees report the National Commission on Fiscal Responsibility and Reform

More information

Social Security and Financial Planning

Social Security and Financial Planning Social Security and Financial Planning William Arnone Chair, Board of Directors National Academy of Social Insurance June, 2015 What Role Does Social Security Play in Financial Planning? 2 It s more than

More information

Would Raising the Social Security Retirement Age Harm Low-Income Groups?

Would Raising the Social Security Retirement Age Harm Low-Income Groups? URBAN INSTITUTE Brief Series No. 19 December 2006 Would Raising the Social Security Retirement Age Harm Low-Income Groups? Gordon B. T. Mermin and C. Eugene Steuerle Social Security s projected financial

More information

Can Social Security Be Solvent?

Can Social Security Be Solvent? P R O G R A M O N R E T I R E M E N T P O L I C Y Can Social Security Be Solvent? Karen E. Smith October 2015 The Social Security actuaries have known for decades that the Social Security program faces

More information

The Promise and Peril of a Model 401(k) Plan

The Promise and Peril of a Model 401(k) Plan AP Photo/John Amis The Promise and Peril of a Model 401(k) Plan Measuring the Effectiveness of Retirement Savings Plans Offered by Private Companies and the Federal Government By Rowland Davis, Nayla Kazzi,

More information

In 2009, higher poverty rates were clear among racial/ethnic minority

In 2009, higher poverty rates were clear among racial/ethnic minority Translating Research Into Practice How Low-Income Minorities Get By in Retirement: Poverty Levels and s Zachary D. Gassoumis, Karen D. Lincoln and William A. Vega Summary In 2009, higher poverty rates

More information

The Gender Wage Gap: 2010

The Gender Wage Gap: 2010 IWPR #C350 Updated April 2011 The Gender Wage Gap: During the weekly gender wage gap narrowed slightly. M edian weekly earnings of female full-time workers were $669, compared with male median weekly earnings

More information

CRS Report for Congress

CRS Report for Congress Order Code RL30122 CRS Report for Congress Pension Sponsorship and Participation: Summary of Recent Trends Updated September 8, 2008 Patrick Purcell Specialist in Income Security Domestic Social Policy

More information

An Equity Profile of the Kansas City Region. Summary. Overview. The Equity Indicators Framework. central to the region s economic success now and

An Equity Profile of the Kansas City Region. Summary. Overview. The Equity Indicators Framework. central to the region s economic success now and An Equity Profile of the Kansas City Region PolicyLink and PERE An Equity Profile of the Kansas City Region Summary Overview Across the country, regional planning organizations, community organizations

More information

o Hispanic women: 20.9 percent of Hispanic women lived in poverty. o Asian women: 11.7 percent of Asian women lived in poverty.

o Hispanic women: 20.9 percent of Hispanic women lived in poverty. o Asian women: 11.7 percent of Asian women lived in poverty. NATIONAL WOMEN S LAW CENTER FACT SHEET SEPTEMBER 2016 INCOME SECURITY AND EDUCATION NATIONAL SNAPSHOT: POVERTY AMONG WOMEN & FAMILIES, 2015 JASMINE TUCKER AND CAITLIN LOWELL The U.S. Census Bureau data

More information

Race and Social Justice Initiative (RSJI) in the Budget

Race and Social Justice Initiative (RSJI) in the Budget (RSJI) in the Budget Introduction This chapter provides background and context for Race and Social Justice Initiative (RSJI) related budget additions throughout the 2015-2016 Proposed Budget. This is an

More information

Statistical Profile of Unmarried Women: New York 1

Statistical Profile of Unmarried Women: New York 1 1 I. Population, 18 years and older, 2014 2 Total: 13.611 million Men: 6.460 million (47.5% of total) 7.150 million (52.5% of total) Married women: 3 3.237 million (23.8% of total; 45.3% of women) Unmarried

More information

Percentage of women in U.S. labor force. Percentage of women in U.S. labor force. Population of adult women in the United States

Percentage of women in U.S. labor force. Percentage of women in U.S. labor force. Population of adult women in the United States Factsheet: Women and Gender Inequality in the U.S. Labor Force Since the 1970s the role of women in the U.S. work has changed tremendously - more women have entered the work, they are increasingly holding

More information

Statistical Profile of Unmarried Women: Texas 1

Statistical Profile of Unmarried Women: Texas 1 1 I. Population, 18 years and older, 2014 2 Total: 16.844 million Men: 8.076 million (47.9% of total) 8.767 million (52.1% of total) Married women: 3 4.443 million (26.4% of total; 50.7% of women) Unmarried

More information

Social Security: Voices and Values

Social Security: Voices and Values Social Security: Voices and Values Conducted by AARP with support from The Rockefeller Foundation Hispanic Survey November 29, 2010 Copyright 2010 AARP Research & Strategic Analysis Reprinting with Permission

More information

Strengthening SSDI: Ideas and Priorities from The Senior Citizens League

Strengthening SSDI: Ideas and Priorities from The Senior Citizens League Strengthening SSDI: Ideas and Priorities from The Senior Citizens League August 2015 For more information, contact: Shannon Benton Executive Director OR Jessie Gibbons Senior Policy Analyst The Senior

More information

Restore Tax Fairness for Social Security s Solvency. Christian Weller, Ph.D.

Restore Tax Fairness for Social Security s Solvency. Christian Weller, Ph.D. Restore Tax Fairness for Social Security s Solvency Christian Weller, Ph.D. Restore Tax Fairness for Social Security s Solvency Christian E. Weller, Ph.D. Center for American Progress May 2005 Introduction

More information

Statistical Profile of Unmarried Women: Virginia 1

Statistical Profile of Unmarried Women: Virginia 1 1 I. Population, 18 years and older, 2014 2 Total: 5.888 million Men: 2.842 million (48.3% of total) 3.046 million (51.7% of total) Married women: 3 1.646 million (28.0% of total; 54.0% of women) Unmarried

More information

Statistical Profile of Unmarried Women: North Carolina 1

Statistical Profile of Unmarried Women: North Carolina 1 1 I. Population, 18 years and older, 2014 2 Total: 6.857 million Men: 3.204 million (46.7% of total) 3.654 million (53.3% of total) Married women: 3 1.850 million (27.0% of total; 50.6% of women) Unmarried

More information

THE PROFESSIONAL AND TECHNICAL WORKFORCE

THE PROFESSIONAL AND TECHNICAL WORKFORCE Fact Sheet 2013 THE PROFESSIONAL AND TECHNICAL WORKFORCE Introduction The professional and technical workforce is defined to include all workers in the U.S. Bureau of Labor Statistics (BLS) category management,

More information

Statistical Profile of Unmarried Women: Florida 1

Statistical Profile of Unmarried Women: Florida 1 1 I. Population, 18 years and older, 2014 2 Total: 13.879 million Men: 6.551 million (47.2% of total) 7.327 million (52.8% of total) Married women: 3 3.689 million (26.6% of total; 50.4% of women) Unmarried

More information

Statistical Profile of Unmarried Women: Colorado 1

Statistical Profile of Unmarried Women: Colorado 1 1 I. Population, 18 years and older, 2014 2 Total: 3.732 million Men: 1.849 million (49.5% of total) 1.883 million (50.5% of total) Married women: 3 1.053 million (28.2% of total; 55.9% of women) Unmarried

More information

Women and Social Security: Benefit Types and Eligibility

Women and Social Security: Benefit Types and Eligibility IWPR #D488 March 2010 Women and Social Security: Benefit Types and Eligibility Ashley English and Sunhwa Lee Social Security provides monthly benefits to qualified retired and disabled workers, their family

More information

Left Behind: DC s Economic Recovery Is Not Reaching All Residents By Ed Lazere and Marco Guzman 1

Left Behind: DC s Economic Recovery Is Not Reaching All Residents By Ed Lazere and Marco Guzman 1 An Affiliate of the Center on Budget and Policy Priorities 820 First Street NE, Suite 460 Washington, DC 20002 (202) 408-1080 Fax (202) 408-8173 www.dcfpi.org Left Behind: DC s Economic Recovery Is Not

More information

What is the overall trend in wages in the U.S.?

What is the overall trend in wages in the U.S.? What is the overall trend in wages in the U.S.? From the early 1970s to 1995 wages were stagnant overall and median wages fell. After 1995 wages rose in response to low unemployment and faster economic

More information

Whose Security? What Social Security Means to Children and Families. Nancy K. Cauthen. February 2005

Whose Security? What Social Security Means to Children and Families. Nancy K. Cauthen. February 2005 Whose Security? What Social Security Means to Children and Families Nancy K. Cauthen February 2005 215 West 125th Street, 3rd floor New York, NY 10027 TEL 646-284-9600 FAX 646-284-9623 www.nccp.org The

More information

Council on Children & Families. Sources of Income Among New York s 50 Plus Population

Council on Children & Families. Sources of Income Among New York s 50 Plus Population Council on Children & Families A Research Brief on the Status of Adults 50 Years & Older in New York State Eliot Spitzer Governor Deborah Benson Acting Chief Executive Officer Among New York s 50 Plus

More information

Fact Sheet. AARP Public Policy Institute. Social Security: Who s Counting on It? the case of a severe and prolonged disability. 4

Fact Sheet. AARP Public Policy Institute. Social Security: Who s Counting on It? the case of a severe and prolonged disability. 4 Social Security: Who s Counting on It? AARP Public Policy Institute This is an update of 154, Social Security: Ten Facts That Matter, using 29 administrative data and 28 survey data. In 29, nearly 53 million

More information

On average, young retirees are not

On average, young retirees are not How Financially Secure Are Young Retirees and Older Workers? FIGURE 1 Financial Status of People Age 51 to 59, by Work Status THOUSS OF DOLLARS 14 1 8 6 $82 RETIREES WORKERS $99 4 $41 $24 MEDIAN MEDIAN

More information

Pay Inequity: It s Real

Pay Inequity: It s Real Pay Inequity: It s Real The Realities Behind Unequal Pay & Strategies for Achieving Equality Kristen Corey, Program Planner Office on the Status of Women About me The Realities Behind Unequal Pay: A Personal

More information

A Gender Reversal On Career Aspirations Young Women Now Top Young Men in Valuing a High-Paying Career

A Gender Reversal On Career Aspirations Young Women Now Top Young Men in Valuing a High-Paying Career 1 A Gender Reversal On Career Aspirations Young Women Now Top Young Men in Valuing a High-Paying Career By Eileen Patten and Kim Parker Career Importance, by Gender % of 18-34-year-olds saying being successful

More information

Poll Report: Small Business Owners Views on Retirement Security

Poll Report: Small Business Owners Views on Retirement Security Poll Report: Small Business Owners Views on Retirement Security Based on a scientific phone survey of small business owners nationwide June 2013 Main Street Alliance www.mainstreetalliance.org American

More information

Income of Americans Aged 65 and Older, 1968 to 2008

Income of Americans Aged 65 and Older, 1968 to 2008 Cornell University ILR School DigitalCommons@ILR Federal Publications Key Workplace Documents 11-4-2009 Income of Americans Aged 65 and Older, 1968 to 2008 Patrick Purcell Congressional Research Service

More information

Statistical Profile of Unmarried Women: New Jersey 1 March 2016

Statistical Profile of Unmarried Women: New Jersey 1 March 2016 1 March 2016 I. Population, 18 years and older, 2014 2 Total: 5.909 million Men: 2.825 million (47.8% of total) 3.084 million (52.2% of total) Married women: 3 1.530 million (25.9% of total; 49.6% of women)

More information

POVERTY 101 Eva DeLuna Castro

POVERTY 101 Eva DeLuna Castro September 19, 2013 POVERTY 101 Eva DeLuna Castro deluna.castro@cppp.org The term poverty is generally used to describe a condition of economic hardship, but it has a technical use as well: to define a

More information

Strengthening Social Security Benefits for Widow(er)s: The 75% Combined Worker Benefit Alternative

Strengthening Social Security Benefits for Widow(er)s: The 75% Combined Worker Benefit Alternative Strengthening Social Security Benefits for Widow(er)s: The 75% Combined Worker Benefit Alternative Joan Entmacher Vice President for Family Economic Security National Women s Law Center 11 Dupont Circle,

More information

Facts. Who are direct-care workers? Job titles and responsibilities. February 2011 Update

Facts. Who are direct-care workers? Job titles and responsibilities. February 2011 Update Facts 3 February 2011 Update Who are direct-care workers? irect-care workers provide an estimated 70 to 80 percent of the paid hands-on long-term care and personal assistance received by Americans who

More information

Voters in 2016: Government Spending on Internet and Technology Training

Voters in 2016: Government Spending on Internet and Technology Training Voters in 2016: Government Spending on Internet and Technology Training BY ISMAIL WHITE, PhD, KRISTEN BROADY, PhD, & WILLIAM CUBBISON * NOVEMBER 11, 2016 Introduction After a grueling campaign, our nation

More information

cepr Issue Brief Social Security Rates of Return with Progressive Indexation By Dean Baker and David Rosnick 1 Center for Economic and Policy Research

cepr Issue Brief Social Security Rates of Return with Progressive Indexation By Dean Baker and David Rosnick 1 Center for Economic and Policy Research cepr Center for Economic and Policy Research Issue Brief Social Security Rates of Return with Progressive Indexation By Dean Baker and David Rosnick 1 May 2005 1 Dean Baker is the co-director and David

More information

Social Security and the Changing Economic Role of Women

Social Security and the Changing Economic Role of Women Social Security and the Changing Economic Role of Women Heidi Hartmann, Ph.D. President, Institute for Women s Policy Research Research Professor of Women s Studies and Public Policy, The George Washington

More information

POVERTY AMONG WOMEN AND FAMILIES, : GREAT RECESSION BRINGS HIGHEST RATE IN 15 YEARS

POVERTY AMONG WOMEN AND FAMILIES, : GREAT RECESSION BRINGS HIGHEST RATE IN 15 YEARS POVERTY AMONG WOMEN AND FAMILIES, 2000-2009: GREAT RECESSION BRINGS HIGHEST RATE IN 15 YEARS September 2010 The latest Census Bureau data show a significant 1 and alarming increase in poverty and extreme

More information

PLAN FOR A NEW FUTURE: THE IMPACT OF SOCIAL SECURITY REFORM ON PEOPLE OF COLOR. A Report of the Commission to Modernize Social Security

PLAN FOR A NEW FUTURE: THE IMPACT OF SOCIAL SECURITY REFORM ON PEOPLE OF COLOR. A Report of the Commission to Modernize Social Security THE IMPACT OF SOCIAL SECURITY REFORM ON PEOPLE OF COLOR A Report of the Commission to Modernize Social Security October 2011 - Commission to Modernize Social Security 1 October 2011 THE IMPACT OF SOCIAL

More information

HOW TO APPLY FOR FREE AND REDUCED PRICE SCHOOL MEALS

HOW TO APPLY FOR FREE AND REDUCED PRICE SCHOOL MEALS HOW TO APPLY FOR FREE AND REDUCED PRICE SCHOOL MEALS Please use these instructions to help you fill out the application for free or reduced price school meals. You only need to submit one application per

More information

Executive Summary. All San Diego County Veteran estimates produced using the 2009-2013 American Community Survey PUMS, unless noted otherwise.

Executive Summary. All San Diego County Veteran estimates produced using the 2009-2013 American Community Survey PUMS, unless noted otherwise. i,1 Executive Summary San Diego County is home to one of the largest concentrations of Veterans in the country. More than a quarter million veterans reside in the county, with half actively in the labor

More information

The $1 Trillion Wage Deficit

The $1 Trillion Wage Deficit The $1 Trillion Wage Deficit John Schmitt and Dean Baker December 2009 Center for Economic and Policy Research 1611 Connecticut Avenue, NW, Suite 400 Washington, D.C. 20009 202-293-5380 www.cepr.net CEPR

More information

HOW TO APPLY FOR FREE AND REDUCED PRICE SCHOOL MEALS

HOW TO APPLY FOR FREE AND REDUCED PRICE SCHOOL MEALS HOW TO APPLY FOR FREE AND REDUCED PRICE SCHOOL MEALS Please use these instructions to help you fill out the application for free and reduced price school meals. You only need to submit one application

More information

Total Individual Account Retirement Plan Assets, by Demographics, 2007, With Market Adjustments to March 2010

Total Individual Account Retirement Plan Assets, by Demographics, 2007, With Market Adjustments to March 2010 May 2010 Vol. 31, No. 5 Total Individual Account Retirement Plan Assets, by Demographics, 2007, With Market Adjustments to March 2010, p. 2 Retirement Annuity and Employment-Based Pension Income, Among

More information

Social Security Privatization: Abandoning Family Values. Radha Chaurushiya Christian Weller, Ph.D.

Social Security Privatization: Abandoning Family Values. Radha Chaurushiya Christian Weller, Ph.D. Social Security Privatization: Abandoning Family Values Radha Chaurushiya Christian Weller, Ph.D. Social Security Privatization: Abandoning Family Values Radha Chaurushiya Christian E. Weller, Ph.D. Center

More information

Income and wealth inequality

Income and wealth inequality Income and wealth inequality Income and wealth inequality The end of industrialization and Reaganomics Income inequality Wealth inequality Poverty Income and wealth inequality The end of industrialization

More information

The American Council of Life Insurers. Written Statement for the Record. for. Maintaining the Disability Insurance Trust Fund s Solvency.

The American Council of Life Insurers. Written Statement for the Record. for. Maintaining the Disability Insurance Trust Fund s Solvency. The American Council of Life Insurers Written Statement for the Record for Maintaining the Disability Insurance Trust Fund s Solvency Before the United States House Committee on Ways and Means Subcommittee

More information

Statement of problem. Why microfinance?

Statement of problem. Why microfinance? WANT IMPACT? BUILD MARKET-RELEVANT MICROLENDERS Joyce Klein, Director of the Aspen Institute Microenterprise Fund for Innovation, Effectiveness, Learning and Dissemination The Aspen Institute Microenterprise

More information

How Immigration and Concerns about Cultural Changes are Shaping the 2016 Election

How Immigration and Concerns about Cultural Changes are Shaping the 2016 Election How Immigration and Concerns about Cultural Changes are Shaping the 16 Election Findings from the 16 PRRI/Brookings Immigration Survey Robert P. Jones, Ph.D. @robertpjones #ImmSurvey PERCEPTIONS OF PERSONAL

More information

HARTLAND CONSOLIDATED SCHOOLS

HARTLAND CONSOLIDATED SCHOOLS HARTLAND CONSOLIDATED SCHOOLS Lisa Archey, Student Nutrition Director 10632 Hibner Rd. Telephone (810) 626 2867 Hartland, MI 48353 Fax (810) 626 2869 FREQUENTLY ASKED QUESTIONS ABOUT FREE AND REDUCED PRICE

More information

Retirement Planning with Cash Value Life Insurance

Retirement Planning with Cash Value Life Insurance Retirement Planning with Cash Value Life Insurance Supplement Your Savings Presented by: Gary Cromartie The Ohio National Life Insurance Company Ohio National Life Assurance Corporation Ohio National Equities,

More information

Retirement Security. Protecting and Strengthening Social Security

Retirement Security. Protecting and Strengthening Social Security Retirement Security Americans are living longer than ever before. In 2012, life expectancy at birth in the United States reached a record high of 78.8 years. 1 A 65 year-old man can expect to live another

More information

SHOULD PEOPLE WORK LONGER, AND WILL THEY?

SHOULD PEOPLE WORK LONGER, AND WILL THEY? THE RETIREMENT POLICY CENTER Fact Sheets on Population Aging SHOULD PEOPLE WORK LONGER, AND WILL THEY? What Are the Benefits of Working Longer? Choosing when to retire is a crucial decision for workers.

More information

Fact Sheet. AARP Public Policy Institute. Social Security: Ten Facts that Matter

Fact Sheet. AARP Public Policy Institute. Social Security: Ten Facts that Matter Fact Sheet Social Security: Ten Facts that Matter AARP Public Policy Institute In 2008, 51 million people received some sort of Social Security benefit. In 2007, Social Security kept roughly 35 percent

More information

2008 Solano-Napa United Way Health Fund Grants Request for Proposal and Application Form

2008 Solano-Napa United Way Health Fund Grants Request for Proposal and Application Form 2008 Solano-Napa United Way Health Fund Grants Request for Proposal and Application Form ABOUT The Solano-Napa United Way Health Fund was created in partnership by the United Way of the Bay Area and Solano

More information

African American retirees have significantly less wealth

African American retirees have significantly less wealth Retirement Insecurity By Elvis Guzman and Madhulika Vulimiri retirees have significantly less wealth and lower incomes than White retirees. Eightythree percent of African American seniors lack the retirement

More information

Maintaining and Improving Social Security for Direct Care Workers

Maintaining and Improving Social Security for Direct Care Workers Maintaining and Improving Social Security for Direct Care Workers Shawn Fremstad November 2011 Center for Economic and Policy Research 1611 Connecticut Avenue, NW, Suite 400 Washington, D.C. 20009 202-293-5380

More information

A Profile of New Jersey Older Adults Aged 60+ Years

A Profile of New Jersey Older Adults Aged 60+ Years Center for Health Statistics A Profile of New Jersey Older Adults Aged 60+ Years April 2005 Center for Health Statistics Office of the State Epidemiologist Public Health Services New Jersey Department

More information

The Gender Wage Gap by Occupation 2013

The Gender Wage Gap by Occupation 2013 IWPR #C414 April 2014 The Gender Wage Gap by Occupation 2013 and by Race and Ethnicity Women s median are lower than men s in nearly all s, whether they work in s predominantly done by women, s predominantly

More information

How Washington Rates on Retirement Security and Defined Benefit Plan Issues

How Washington Rates on Retirement Security and Defined Benefit Plan Issues How Washington Rates on Retirement Security and Defined Benefit Plan Issues National Institute on Retirement Security Diane Oakley, Executive Director April 8, 2014 www.nirsonline.org About NIRS Nonprofit,

More information

First Time Home Buyer Program Application Form

First Time Home Buyer Program Application Form First Time Home Buyer Program Application Form County of Imperial First Time Homebuyer Program Application The County of Imperial First Time Homebuyer Program provides deferred-payment, low-interest loans

More information

WHY PROGRESSIVE PRICE INDEXING COULD LEAD TO THE UNRAVELING OF SOCIAL SECURITY. by Jason Furman, Robert Greenstein, and Gene Sperling 1

WHY PROGRESSIVE PRICE INDEXING COULD LEAD TO THE UNRAVELING OF SOCIAL SECURITY. by Jason Furman, Robert Greenstein, and Gene Sperling 1 820 First Street, NE, Suite 510, Washington, DC 20002 Tel: 202-408-1080 Fax: 202-408-1056 center@cbpp.org www.cbpp.org April 26, 2005 WHY PROGRESSIVE PRICE INDEXING COULD LEAD TO THE UNRAVELING OF SOCIAL

More information

Fourth Anniversary of the Recovery Shows Job Gains for Women But a Long Road to a Full Recovery. July 2013

Fourth Anniversary of the Recovery Shows Job Gains for Women But a Long Road to a Full Recovery. July 2013 UNEMPLOYMENT Fourth Anniversary of the Recovery Shows Job Gains for Women But a Long Road to a Full Recovery July 2013 This report analyzes the employment picture for and men as of June 2013, the fourth

More information

PENSIONS AT A GLANCE 2011: RETIREMENT-INCOME SYSTEMS IN OECD COUNTRIES NORWAY

PENSIONS AT A GLANCE 2011: RETIREMENT-INCOME SYSTEMS IN OECD COUNTRIES NORWAY PENSIONS AT A GLANCE 2011: RETIREMENT-INCOME SYSTEMS IN OECD COUNTRIES Online Country Profiles, including personal income tax and social security contributions NORWAY Norway: pension system in 2008 The

More information

How Social Security Benefits Are Computed: In Brief

How Social Security Benefits Are Computed: In Brief How Social Security Benefits Are Computed: In Brief Noah P. Meyerson Analyst in Income Security February 4, 2015 Congressional Research Service 7-5700 www.crs.gov R43542 Summary With about $900 billion

More information

Senior Home Repair Program Application

Senior Home Repair Program Application Senior Home Repair Program Application HIT (Home Is The) Foundation To qualify, you must: Be age 60 or over Be a resident of Preble County Own your home Meet 50% AMI (area median income) guidelines* *(see

More information

Facts. America s Direct-Care Workforce

Facts. America s Direct-Care Workforce November 2013 Update Facts 3 America s Direct-Care Workforce irect-care workers provide an estimated 70 to 80 percent of the paid hands-on long-term care and personal assistance received by Americans who

More information

Michigan s Direct-Care Workforce In Michigan each day, personal attendants, home health aides, and nursing aides

Michigan s Direct-Care Workforce In Michigan each day, personal attendants, home health aides, and nursing aides State Facts September 2011 UPDATED Michigan s Direct-Care Workforce In Michigan each day, personal attendants, home health aides, and nursing aides provide essential daily living services and supports

More information

Women s Participation in Education and the Workforce. Council of Economic Advisers

Women s Participation in Education and the Workforce. Council of Economic Advisers Women s Participation in Education and the Workforce Council of Economic Advisers Updated October 14, 214 Executive Summary Over the past forty years, women have made substantial gains in the workforce

More information

Objective: What are the different types of unemployment? How are unemployment rates determined? What is full employment?

Objective: What are the different types of unemployment? How are unemployment rates determined? What is full employment? Unemployment Objective: What are the different types of unemployment? How are unemployment rates determined? What is full employment? *Be sure to leave a couple blank lines under each question and answer

More information

Figure 1: Where teens use the Internet, 2007. 1 91% 86% Home School Library. Figure 2: Online activities of girls and boys ages 12-17, 2006.

Figure 1: Where teens use the Internet, 2007. 1 91% 86% Home School Library. Figure 2: Online activities of girls and boys ages 12-17, 2006. Girls Incorporated Girls and Information Technology Facts Many girls use computers for numerous purposes. Many girls ages 6 and under use computers on a daily basis. However, a higher percentage of boys

More information

Summary of Census Data Indicator Number Percentage People living below 100% of the poverty line

Summary of Census Data Indicator Number Percentage People living below 100% of the poverty line OCCORD Policy Brief: Earnings, Poverty and Income in Orange County Analysis of Regional Data from the US Census Bureau 2007 American Community Survey August 26, 2008 I. Summary Summary of Census Data Indicator

More information

Canada Pension Plan Overview Citizens for Public Justice April 2012

Canada Pension Plan Overview Citizens for Public Justice April 2012 Canada Pension Plan Overview Citizens for Public Justice April 2012 Chris Roberts Canadian Labour Congress Three Pillars of Canada s Retirement Income System Basic pension Old Age Security and Guaranteed

More information

VILAS SCHOOL DISTRICT RE-5 FREE AND REDUCED PRICE MEALS INFORMATION LETTER TO HOUSEHOLDS

VILAS SCHOOL DISTRICT RE-5 FREE AND REDUCED PRICE MEALS INFORMATION LETTER TO HOUSEHOLDS VILAS SCHOOL DISTRICT RE-5 FREE AND REDUCED PRICE MEALS INFORMATION LETTER TO HOUSEHOLDS Dear Parent/Guardian: Children need healthy meals to learn. Vilas School District offers healthy meals every school

More information

Doing Without: Economic Insecurity and Older Americans No. 2: Gender March, 2012

Doing Without: Economic Insecurity and Older Americans No. 2: Gender March, 2012 A Wider Opportunities for series assessing the economic security of US elders. Doing Without: Economic Insecurity and Older Americans No. 2: Gender March, 2012 A new analysis of US Census Bureau data performed

More information

Social Security. 13 th Annual Financial Fitness Workshop! Everything YOU Need to Know about Social Security

Social Security.  13 th Annual Financial Fitness Workshop! Everything YOU Need to Know about Social Security Social Security www.socialsecurity.gov 13 th Annual Financial Fitness Workshop! Everything YOU Need to Know about Social Security Save for a Secure Future Social Security is the foundation for a secure

More information

Ontario Trends in Occupational Defined Benefit and Defined Contribution Pension Coverage

Ontario Trends in Occupational Defined Benefit and Defined Contribution Pension Coverage Ontario Trends in Occupational Defined Benefit and Defined Contribution Pension Coverage richard@shillington.ca www.shillington.ca Informetrica Limited Ontario Trends in Occupational Defined Benefit and

More information

Working After Retirement: The Gap Between Expectations and Reality

Working After Retirement: The Gap Between Expectations and Reality Working After Retirement: The Gap Between Expectations and Reality FOR IMMEDIATE RELEASE Paul Taylor, Executive Vice President Cary Funk, Senior Project Director Peyton Craighill, Project Director MEDIA

More information

First Time Home Buyer Program Application Form

First Time Home Buyer Program Application Form First Time Home Buyer Program Application Form County of Imperial First Time Homebuyer Program Application The County of Imperial First Time Homebuyer Program provides deferred-payment, low-interest loans

More information

Social Security: Vital to Retirement Security for 35 Million Women and Men

Social Security: Vital to Retirement Security for 35 Million Women and Men IWPR Publication #D487 March 2010 Social Security: Vital to Retirement Security for 35 Million Women and Men Jeff Hayes, Heidi Hartmann, and Sunhwa Lee This Briefing Paper examines major sources of income

More information

WORKFORCE INVESTMENT ACT

WORKFORCE INVESTMENT ACT COMMONWEALTH OF VIRGINIA VIRGINIA COMMUNITY COLLEGE SYSTEM WORKFORCE INVESTMENT ACT VIRGINIA WORKFORCE LETTER (VWL) 13 05 TO: FROM: SUBJECT: LOCAL WORKFORCE INVESTMENT BOARDS WORKFORCE DEVELOPMENT SERVICES

More information

How to Get the Earned Income Tax Credit

How to Get the Earned Income Tax Credit How to Get the Earned Income Tax Credit Overview Advice on how to get the Earned Income Tax Credit. What is the Earned Income Credit? What is earned income? Does my child qualify? How do I qualify if I

More information

Re: Equal Pay Day for Unmarried Women 1

Re: Equal Pay Day for Unmarried Women 1 To: From: Interested Parties Page Gardner, The Celinda Lake, Re: Equal Pay Day for Unmarried 1 Date: April 14, 2015 This year on April 14 th, Equal Pay Day will mark just how far into 2015 a woman must

More information

No Way Out: How Prime-Age Workers Get Trapped in Minimum-Wage Jobs

No Way Out: How Prime-Age Workers Get Trapped in Minimum-Wage Jobs No Way Out: How Prime-Age Workers Get Trapped in Minimum-Wage Jobs Heather Boushey Most minimum-wage workers are adults making significant contributions to the total family income. In the early 2000s,

More information

Professionals in the Workplace: Community and Social Service Professionals

Professionals in the Workplace: Community and Social Service Professionals Community and Social Service Professionals Updated February 2015 Community and social service professionals perform challenging, yet rewarding work. These counselors, social workers, and others working

More information