Thursday, October 7, 2010

CCLP is the new Colorado partner for the Elder Economic Security Initiative



Here's the text of a news release issued Sept. 27 announcing the Colorado Center on Law and Policy's selection as state partner for Wider Opportunities for Women's Elder Economic Security Initiative.

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Wider Opportunities for Women Announces New Elder Economic Security Initiative State Partners


WASHINGTON, DC – Wider Opportunities for Women (WOW) announces the expansion of its Elder Economic Security Initiative™ (Initiative) to five new states: Colorado, Iowa, North Carolina, South Dakota and Washington. The Initiative is a national campaign to ensure that all older Americans are able to age in place with dignity and economic security. Today marks WOW’s official partnership with the Iowa Alliance for Retired Americans, North Carolina Alliance for Retired Americans, Experience Works South Dakota, and the Washington Association of Area Agencies on Aging and expands WOW’s partnership with the Colorado Center on Law and Policy.

“WOW is pleased to extend the Initiative at time when Americans are increasingly concerned about having economic security in retirement,” said Stacy Sanders, Director of the Elder Economic Security Initiative. “Through the Initiative, our new partners will gain a framework and tools to promote a cornerstone of the American dream, a secure retirement, for their state’s elders and families.”

Now functioning in 17 states, the Initiative demonstrates through its framework and tools that elders cannot make ends meet merely living above the federal poverty level nor by living on Social Security alone. A key component of the Initiative is the Elder Economic Security Standard™ Index (Elder Index), a geographically-based measure of economic security. Developed by WOW in collaboration with the Gerontology Institute at the University of Massachusetts Boston, the national Elder Index shows that the average Social Security benefit of $12,526 for a single elder woman provides just 51-76% of what is needed to be economically secure depending on housing and health status.

“Suggested cuts to Social Security at a time when Americans of all ages are struggling to pay the bills sound an alarm for action,” said Sanders. “The Elder Index shows that current Social Security benefits in and of themselves are not enough to meet basic needs. With more and more retirees likely to rely solely on these benefits cuts would push future retirees further away from economic security.”

The Elder Index, to be released next year in each of these new states, will provide a snapshot of what it truly costs to retire, including housing, health care, food, transportation, other essentials and, when needed, home and community-based long-term care at the state and county levels. “Moving forward, the Initiative will continue to build economic security for America’s seniors through the development of research-driven policy agendas developed by national and local experts,” said Sanders. “Older Americans have spent a lifetime working hard and playing by the rules and they deserve to have a secure retirement.”


1 comment:

BakerH said...

Congrats! Important issues for our seniors and woman--no one wants to age and be destitute, and examining the issues that threaten the long-term security of us aging women (and others!) is the work that CCLP best. So glad the Colorado partner is you!!