Strengthening and enhancing Social Security and Medicare, while vitally important to all Americans, is especially critical for women, for a number of reasons. First, women live longer than men, which increases the risk they may outlive their savings or that their pensions, if they have a pension, will lose purchasing power (many pensions do not provide for an annual COLA increase as does Social Security). Also, women are less likely than men to have a pension, and, if they do, because women’s earning power is historically much less than men’s (even today, women earn only 77% of what men earn), their pensions are likely to be lower than men’s. Not only because their earnings are much lower over their lifetimes than men’s, but also because women are more likely to have spent many years outside of the workforce providing uncompensated care to children and other family members, women’s Social Security benefits are generally significantly lower than men’s.
Because women, on average, and especially women of color and single women, have less financial resources than men as they age, Medicare (and often Medicaid) is often a lifeline; many seniors, especially women, could not afford medical insurance or care without Medicare. McCarthy will discuss ways of enhancing these programs in ways that would give women more parity with men, while at the same time strengthening their financial bases. Many of these enhancements would also benefit men.
At the August meeting of the Central Oregon Coast Chapter of NOW (National Organization for Women), James P. McCarthy, a representative of AARP (American Association of Retired Persons), will speak on ways to strengthen Social Security and Medicare’s financial security, while at the same time enhancing their benefits. The meeting will take place on Monday, August 19, 2013 at 6 p.m. at the Central Lincoln PUD meeting room, 2129 North Coast Highway, Newport, Oregon. The community is invited to attend.
At the meeting, Central Oregon Coast NOW will be celebrating (with dessert!) three (3) important August anniversaries: the 78th anniversary of Social Security, the 83rd anniversary of the passage of the 19th Amendment giving women the right to vote (known as Women’s Equality Day), and the 50th anniversary of the March on Washington in which Dr. Martin Luther King, Jr. gave his famous “I Have a Dream” speech.
For more information, email firstname.lastname@example.org or call 541-765-2371. There is no charge to attend.
Provided by Central Oregon Coast Chapter of National Organization for Women