Senior Issues
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[edit] Hot Topics
[edit] Social Security
Recent efforts by the Bush Administration accompanied by state representatives such as Colorado‘s Representative Tom Tancredo have initiated a push to privatize Social Security and implementing personal accounts through private investments. Such a gesture would require large benefit cuts to all individuals depending on Social Security, as much as 40% to workers without private accounts and an average of $152,000 loss in benefits for retirees1. Such an action would deliver a heavy blow to women, people of color, and low-wage workers. Social Security is the provider of over 90% of the income of 40% of single women, creating a safety net for retired women. Furthermore, privatization of Social Security and development of personal accounts can cost as must as $2 trillion according to the AARP. More over, investment choices would be limited and unstable, as their value would change with stock market fluctuation.
[edit] Crime
Seniors are often susceptible to crime, specifically identity theft in which a person’s personal information such as Social Security numbers and credit card numbers for fraudulent transactions. Through such activities, seniors are finding themselves plagued with false insurance claims and depletion of retirement assets. Seniors are also prone to being targeted by telemarketing scams and manipulative door-to-door salespeople.
[edit] Healthcare
The Bush Administration recently proposed a $60 billion cut to Medicaid. Such cuts would reduce adequate care in nursing facilities, higher insurance premiums, a reduction in hospital services, and more hospital overcrowding.
[edit] In the News
[edit] Facts and Statistics
- More than 9 out of 10 individuals age 65 and older receive Social Security benefits. Such benefits provide income for 39% of the elderly and serving as the only source of income for 22% of the elderly. About 2/3 of Social Security beneficiaries receive 50% plus of their income from Social Security.
- Social Security is the provider of over 90% of the income of 40% of single women (never married, divorced, and widowed), creating a safety net for retired women.
- People with no health coverage have a mortality rate 10-15% higher than those with health coverage.
[edit] Sources
- Prime Time for Seniors (http://www.primetimeforseniors.com/)
- http://www.alternet.org/module/printversion/20791
This article incorporates text from Colopedia.org through a prior agreement with the content creators.
