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Center for Long-Term Care Reform Co-Director Martha Holstein Writes about Lack of Economic Security Among Older Women.

Health & Medicine Policy Research Group (HMPRG)
February 9, 2012

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HMPRG's Center for Long-Term Care Reform Co-Director Martha Holstein has written an op-ed, "A Troubled Old Age: Women and Retirement Insecurity,” for the Center’s January, 2012,  Elder Economic Security Newsletter.
 
“Many years ago, Tish Sommers, the savvy co-founder of the Older Women’s League (now OWL), and one of my heroines, observed that “women are one man away from poverty.” For many women, especially women lower on the economic ladder, that observation remains painfully true. Across the income spectrum however, older women tend to be poorer than older men. 70% of the elderly poor are women. Blame that on women’s longer life expectancy though not necessarily better health, their shortened work histories and lower earnings when working, the kinds of jobs they have had (less likely to offer pension benefits or salaries that were adequate to permit savings), and the financial penalties of drop-out years to have and raise children or to care for older family members. As a result, “women’s median retirement income is 58% of men’s median retirement income” (Rappaport, 2008, p. 1). The now familiar phrase “the feminization of poverty,” introduced in the late 1970s, continues unabated not only in this country but around the world.” (Download and read entire op-ed article here.)
 
The Center for Long-Term Care Reform is the official state-partner of the Elder Economic Security Initiative™ (EESI) a program of Wider Opportunities for Women.  For more information about EESI, visit our website  or email Kristen Pavle, Associate Director, Center for Long-Term Care Reform. Use the link below to subscribe to HMPRG's monthly EESI Newsletter.

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