The Center for Global Policy Solutions released a report that finds President Obama’s proposal to base the Cost of Living Adjustment (COLA) for Social Security, veteran’s benefits and other retirement programs on the chained consumer price index (chained CPI) will widen income and wealth inequality seen among African Americans.
The Chained CPI: Increasing Economic Inequality for African Americans finds that COLA decreases resulting from the chained CPI will disproportionately harm African Americans, who have dramatically fewer sources of wealth to draw upon compared to whites and are, therefore, more heavily reliant on federally-issued benefits. Continue reading
Dr. Maya Rockeymoore, Chair of the National Committee to Preserve Social Security and Medicare testifies on the importance of Social Security & Medicare before the Democratic National Platform Drafting Committee.
After nearly 77 years, Social Security remains one of the nation’s most successful antipoverty programs. In 2010, Social Security kept over 20 million people out of poverty, including 1.1 million children. Although the rules for determining Social Security benefits are the same for everyone, regardless of race, ethnicity or gender, African Americans uniquely benefit from the family-oriented structure of the program based on certain characteristics. Continue reading
On July 10, 2012, Maya Rockeymoore, Ph.D., will participate in a Bloomberg/AARP panel interview and discussion about the challenges facing Social Security and Medicare and seek to “address ways in which the social security dilemma can be solved in spite of funding shortfall, longer life expectancy, families having fewer children, and fewer workers for social security beneficiary.” Continue reading
Dr. Maya Rockeymoore will appear on The Breakdown with Richard Eskow this Saturday, May 26, 2012 from 7:00pm to 9:00pm EDT.
Dr. Rockeymoore and Mr. Eskow will discuss our report Plan for a New Future: The Impact of Social Security Reform on People of Color and the nation’s economic outlook.
If you live in the Washington, DC Metro Area you can tune in at WPWC 1480AM. You can also listen live by visiting the We Act Radio website at www.weactradio.com