Category Archives: Finances + Retirement

LGBT VOTE FOR EQUALITY MATTERS

 

Dear Friends,

With Election Day around the corner, the LGBT Progress team has been working hard to produce research and policy analysis that matters as we look to 2013. This update highlights some of the work we think is most relevant.

Of course, the number one issue this year is the economy, and economic security is especially important for LGBT people. We have included an infographic (to see infographic visit LGBT Progress on Facebook) highlighting some of the harmful impacts of discrimination on LGBT employees and their families, but we’ve also shown how these antiquated policies compromise the efficiency and effectiveness of public and private workplaces. In the midst of a recovering economy, ending workplace discrimination against LGBT people is crucial for the economic security of all Americans.

This election cycle is a decisive year for marriage equality. With marriage on the ballot in four states this November, it is more important than ever for the public to understand that marriage equality laws are perfectly compatible with existing laws that guarantee religious freedom. Our research has shown that a majority of Americans believe gay couples should have the freedom to marry, and we hope to keep the momentum growing in favor of equality.

This November will also determine the future of the U.S. health care system. With LGBT people facing numerous barriers to health, from difficulty obtaining health insurance through their spouses to finding physicians who understand their unique health needs, we’re working to make sure that Obamacare is implemented in the states in a fully LGBT-inclusive way no matter who wins the election.

We believe in a country where employees are only judged by their job performance, where religious freedom is preserved and the freedom to marry is expanded, and where every American is given an equal opportunity to take care of themselves and their families, free of discrimination. Thank you for your commitment to building a just America through your interest in and support of the work we do.

Please consider making a donation today.

Best regards,
Jeff
@jeffkrehely

Advertisements

NEW PAGE LISTS DISCOUNTS FOR SENIORS

The GRIOT Circle weblog has added a NEW PAGE in the RESOURCES section that lists dozens of big name retailers and service providers that offer YEAR-ROUND DISCOUNTS for people over the age of 50.

Check it out, because we want you to save more, spend wisely and cut your expenses.  Click on the RESOURCES tab above to find the discounts you deserve, or better yet, just click here now–> DISCOUNTS FOR SENIORS

Black, Latino Seniors More Likely to be in Poverty in Retirement

 

 

Black and Latino seniors in the U.S. are facing a tougher time in retirement: Elder poverty rates are twice as high among these groups compared to the U.S. population as a whole, according to a new study by the University of California, Berkeley.

Some 19.4 percent of black and 19.0 percent of Latino seniors have incomes below the federal poverty line, compared to 9.4 percent for the senior population overall, according to the analysis, which is based on data from the U.S. Bureau of Labor Statistics Current Population Survey and U.S. Census Bureau American Community Survey.

“Recent household surveys show that retirees of color, especially blacks and Latinos, rely more heavily on Social Security and have less access to other types of retirement income than their white counterparts,” researcher Nari Rhee of UC Berkeley’s Center for Labor Research and Education, said in a statement.

Less than one-third of employed Latinos and less than half of black workers are covered by an employer-sponsored retirement plan, a key resource in ensuring adequate retirement income.  As a result, they are disproportionately reliant on the limited income provided by Social Security, the report found.

Among retirees age 60 and older, people of color are disproportionately likely to be low-income:  For 2007-2009, 31.6 percent of blacks and 46.5 percent of Latinos were in the bottom 25 percent income group.  The “other” race category of the Census, which includes Asian/Pacific Islander and Native American populations, is also more likely to be low-income (38 percent), the report noted.

“It is critical to improve both job access and job quality — in terms of wages and benefits, including pension benefits — to improve retirement prospects for current workers,” Rhee stated.

http://laborcenter.berkeley.edu/research/retirement_in_security2012.pdf