Today's Date: March 29, 2024
Midea Group releases its first-ever ESG brand story with an unexpected VIP visit highlighting its commitment to sustainability.   •   Anaergia Announces Escrow Closing of Second Tranche of the Strategic Investment   •   Syngenta Group reports $32.2 billion sales and $4.6 billion EBITDA in 2023   •   Parkland Corporation Announces the Results of the 2024 Annual General Meeting of Shareholders   •   AMIGOS FOR KIDS LAUNCHES "THE MISSING REVIEW"   •   Fosun Management on 2023 Annual Results: Focusing on Core Industries with Established Advantages   •   Jamieson Wellness Publishes Inaugural Sustainability Impact Report   •   Naropa University Launches Pioneering Psychedelic Minor     •   Chosgo K23: One of the Best Bluetooth Hearing Aids for Seniors   •   Coachella Concerned That People Have Sex, Says AHF   •   e.l.f. Cosmetics Debuts TikTok Shop Super Brand Day   •   Anaergia Announces Delay in the Filing of Its Audited Financial Statements and Related Disclosures   •   National University Receives 2024 Military Friendly® Gold Designation   •   Charity Navigator Launches Women's Advocacy List for Women's History Month   •   Visit Visalia Recognizes Autism Awareness Month in April   •   YMCA of the USA Partners With Old Spice To Increase High School Graduation Among Boys And Young Men Of Color Through Mentorship   •   Amerex Group Unveils Red Carter Swimwear's Revitalized Collection   •   Equalpride Partners with TransLash Media for Trans Day of Visibility, Amplifying Voices of Black Trans Femmes in the Arts   •   Make-A-Wish and celebrity wish granters announce goal to recruit 1 million people to become "WishMakers"   •   Re:wild and Colossal Biosciences team up to leverage revolutionary technology to save critically endangered species on the brink
Bookmark and Share

BUDGET WOES THREATEN BLACK WOMEN

WASHINGTON - With Social Security possibly on the chopping block in debt talks in Washington, a National Women's Law Center report reveals that single, elderly, black women will be further driven into poverty.

 

According to reports, the chained CPI, a Social Security COLA cut on the table in deficit talks between the President and Republicans, could dramatically worsen poverty among unmarried senior African American women. As such, it violates the request of major progressive organizations in a letter to the White House and Congressional leaders to "make sure that deficit reduction is achieved in a way that does not increase poverty."

This in itself does not mean that the chained CPI would push many senior African American women into poverty. But according to SSA (Social Security Administration) data nearly half--45.6 percent--of non-married African Americans aged 65 older rely on Social Security for all of their income; 54.1 percent rely on it for 90 percent of their income or more.

 

social securityBlack News, African American News, Minority News, Civil Rights News, Discrimination, Racism, Racial Equality, Bias, Equality, Afro American News, Women News, Minority News, Discrimination, Diversity, Female, Underrepresented, Equality, Gender Bias, Equality

 

READ FULL REPORT HERE

 

Taken together, these two pieces of information--that the median benefit would go below the poverty level for non-married African American women, and that a near-majority of non-married elderly African Americans rely on Social Security for all of their income--lead to the conclusion that the chained CPI would lead to an increase in poverty among elderly African Americans.

 

What is more, the fact that the chained CPI's cuts increase as beneficiaries age will be especially harmful to African American women, who live longer than African American men. Life expectancy for African American women at age 65 is 83, compared with 79 for African American men.

Worst of all, non-married African American women seniors already suffer from high rates of poverty and near-poverty. According to the Census's Current Population Survey, nearly half--47.8 percent--of African American women living alone have an income under 125 percent of poverty, and one-third--33 percent--have income below 100 percent of the poverty line.

At least two of the progressive organizations that signed the letter to the White House and Congressional leaders asking that deficit reduction not harm the poor--the Center for American Progress (CAP) and the Center on Budget & Policy Priorities (CBPP)--are on the record supporting a switch to the chained CPI COLA cut. Given those groups' specific commitment to deficit reduction that does not "increase poverty," perhaps they should reconsider their support for the chained CPI--at least as it is applied to Social Security.

Of course, any changes to Social Security will have no effect of deficit reduction, because Social Security cannot contribute a penny to the deficit. But if implemented as part of a "deficit reduction" deal, the chained CPI is, at the very least, purported "deficit reduction," that has the effect of increasing poverty.

 


STORY TAGS: social securityBlack News, African American News, Minority News, Civil Rights News, Discrimination, Racism, Racial Equality, Bias, Equality, Afro American News, Women News, Minority News, Discrimination, Diversity, Female, Underrepresented, Equality, Gender Bias, Equality

Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News