New Report Finds Social Security Cuts Proposed in Obama Budget Will be Devastating to African Americans

The Chained CPI: Increasing Economic Inequality for African AmericansThe 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

77 Years Later, Social Security Remains Vital for All Americans

Leticia Miranda, Senior Policy Advisor, Economic Security Policy, NCLR, writes in a recent blog for the Huffington Post:

“For 77 years, each generation has done its part to maintain our Social Security system–the foundation of our retirement security. In the past 30 years, Social Security has grown in importance as economic changes–such as the decline of labor unions and manufacturing jobs–have led to fewer companies offering retirement plans to workers, with American men being the hardest hit. Today, only a little over half of all workers have access to a private retirement plan at work, making our Social Security system more vital than ever. Latino workers rely even more heavily on Social Security, since only one-third have retirement benefits at work. Given the critical importance of our Social Security system to the vast majority of our nation’s workers, why are some politicians proposing to cut it?” Continue reading

The Commission’s Dr. Maya Rockeymoore to Speak at Bloomberg/AARP Event

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

The Commission’s Dr. Maya Rockeymoore to Appear on The Breakdown with Richard Eskow

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