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Showing posts with label Economic Security Conference. Show all posts
Showing posts with label Economic Security Conference. Show all posts
Friday, August 9, 2013
Wednesday, January 5, 2011
Congress fails to approve critical support for seniors
Seniors across Colorado are facing greater hardship this year because Congress failed to approve a $250 one-time payment or a cost-of-living increase for Social Security beneficiaries. For many seniors, that means a loss of medication, a loss of food, a utility bill that can’t be paid and other erosion of economic security.
When President Franklin Roosevelt signed the measure creating Social Security 75 years ago, he promised the government would offer “some measure of protection to the average citizen and to his family against … poverty-stricken old age.” However in 2011 will be the second year in a row during which Social Security recipients will receive no increase in benefits to accommodate the rising cost of living. Congress also considered, and rejected, a one-time $250 payment to help cushion the blow.
Social Security provides a financial lifeline to elders, families and people with disabilities. Nationally, three in 10 adults age 65 and older rely on Social Security for more than 90 percent of their incomes, and most beneficiaries are women. In 2010, the average Social Security benefit for women amounted to just more than $12,500. In Colorado, there are 477,256 Social Security beneficiaries older than 65, according to the federal government.
Among Colorado’s Social Security beneficiaries older than 65, an average of 66,163 or 14 percent are living in poverty, an analysis of U.S. Census Bureau data by the Colorado Center on Law and Policy found.
Social security payments are an economic bridge for all households moving toward economic security. Not only would a one-time payment or cost-of-living adjustment have supported elders as they struggled to meet basic needs, but a one-time $250 payment would have injected significant cash into the economy. When Congress approved a similar payment in 2009, in combination with a payment to Supplemental Security Insurance beneficiaries, the effect was creation or saving of 125,000 jobs, according to the Economic Policy Institute.
The Colorado Center on Law and Policy will be examining elder economic security closely in 2011 as it publishes the Colorado Elder Index as a companion report to the 2011 Self-Sufficiency Standard. Watch for the release in summer 2011.
When President Franklin Roosevelt signed the measure creating Social Security 75 years ago, he promised the government would offer “some measure of protection to the average citizen and to his family against … poverty-stricken old age.” However in 2011 will be the second year in a row during which Social Security recipients will receive no increase in benefits to accommodate the rising cost of living. Congress also considered, and rejected, a one-time $250 payment to help cushion the blow.
Social Security provides a financial lifeline to elders, families and people with disabilities. Nationally, three in 10 adults age 65 and older rely on Social Security for more than 90 percent of their incomes, and most beneficiaries are women. In 2010, the average Social Security benefit for women amounted to just more than $12,500. In Colorado, there are 477,256 Social Security beneficiaries older than 65, according to the federal government.
Among Colorado’s Social Security beneficiaries older than 65, an average of 66,163 or 14 percent are living in poverty, an analysis of U.S. Census Bureau data by the Colorado Center on Law and Policy found.
Social security payments are an economic bridge for all households moving toward economic security. Not only would a one-time payment or cost-of-living adjustment have supported elders as they struggled to meet basic needs, but a one-time $250 payment would have injected significant cash into the economy. When Congress approved a similar payment in 2009, in combination with a payment to Supplemental Security Insurance beneficiaries, the effect was creation or saving of 125,000 jobs, according to the Economic Policy Institute.
The Colorado Center on Law and Policy will be examining elder economic security closely in 2011 as it publishes the Colorado Elder Index as a companion report to the 2011 Self-Sufficiency Standard. Watch for the release in summer 2011.
Monday, September 27, 2010
Poverty along the continuum of Economic Security
More detailed poverty numbers are due this week, but as the authors of this article (Making sense of poverty numbers - By Barbara Ehrenreich and Diana Pearce) state, it's not just about counting the poor, it's about defining a clearer picture of household financial health.
For a continuing discussion, join national and local advocates for a free regional meeting-- Building Bridges to Economic Security--this Friday, October 1, 2010. Register here to attend. Topics include creating a flexible workplace, making the case for social security, community investment and the impact of poverty reduction task forces.
For a continuing discussion, join national and local advocates for a free regional meeting-- Building Bridges to Economic Security--this Friday, October 1, 2010. Register here to attend. Topics include creating a flexible workplace, making the case for social security, community investment and the impact of poverty reduction task forces.
Wednesday, September 8, 2010
October 1st-Economic Security Conference
Please join members of the Economic Opportunity Poverty Reduction Task Force, Colorado advocates and various national and local speakers during this day long event to Build Bridges toward Economic Security. The Colorado Center on Law and Policy is co-hosting this regional meeting with Wider Opportunities for Women.
Agenda topics and workshops include: Employment and flexible workplaces; The Impact of Social Security on Economic Security; Job Training and Skills Development; Re-Building Colorado Communities through Family Economic Self-Sufficiency; and Collaborative Efforts-What's Working in Colorado.
National and local research on how the economy has changed our view of family economics will be released for your REALITY CHECK.
This event is free and space is limited. For more information and to register with Wider Opportunities for Women go to:
Agenda topics and workshops include: Employment and flexible workplaces; The Impact of Social Security on Economic Security; Job Training and Skills Development; Re-Building Colorado Communities through Family Economic Self-Sufficiency; and Collaborative Efforts-What's Working in Colorado.
National and local research on how the economy has changed our view of family economics will be released for your REALITY CHECK.
This event is free and space is limited. For more information and to register with Wider Opportunities for Women go to:
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